Replies to post #1028 on SUN Sports & Entertainment Inc (SUNR)

[edwards]

yeah, you never know where will be at months from now


anything can happen, huge mega cuban deal, ufc deal, another massive global spam campaign, etc. etc. that could shoot this back in the 10's or 20's.

you just gotta remember that pinks are not orderly in the market and pps usually seems to be controlled by other means rather than normal retail trading (it's too obvious in L2)

I use these opportunities to avg down (maybe wrong but that is my risk/reward)

now don’t get me wrong, there is always high risks and I think the biggest risk is a R/S (hopefully that won’t occur)

my thoughts are the dealers are just loading inventory to the max through extreme fear and intimidation which does work and forces some traders to sell at a loss, then they will be chasing it again

nothing has changed from at least what we know, and you have to remember we are only at aow4 as where ufc is what in the 80's or something like that

I also think about things like Steve Miller from Nike on the board, with such high caliber and career success, I don’t think he would attach his name to a company that is going down the toilet.

I think this is all just getting started and right now we are just dealing with games and intimidation which present good opportunities imo

and if I'm wrong, I eat my own words and dollars

I also agree with the axiom that stock prices never lie, I just don’t think it is as relevant in the pink sheets

[hmp660]

And maybe the world is going to end tomorrow...You're dad is correct to an extent. The key thing to look for in stock price movement is the reason. The reason this stock is tanking is due to extreme manipulation and some dilution. Manipulation doesn't bother me due to the fact that it is being done to allow someone to make some big money. When they make theirs I'll make mine. Market Makers have the ability and latitude to walk a stock down as well as walk it back up. Some of what you may be seeing now is the price being hammered down in order for MM's to cover their 'naked' shorts. This is when a MM sells shares that he doesn't have in his inventory. This is legal so long as he buys them back within a specified amount of time. The most common way they do this is to drop the market and shake out the weak shareholders and grab their shares to cover at a discount. This is exactly what happened yesterday. If you noticed, the pps downward movement stopped as suddenly as if someone put braces under the price level. They don't want it to go any lower than what they covered their shorts at. Then THEY lose money. Also if you noticed on Level II the drop was stopped by our good buddy NITE. Now, the reason they would want to cover now would be that something is getting ready to blow through. This very well could have been what the two huge trades after close over the last couple of days were. Regardless of what the SEC says about insider trading and information leaks...it goes on. Always has and always will. The reason I believe this is because of all the newly active MM's in this stock. If you read my posts from the other day, I mentioned this. Unusual activity usually means change is in the air. Since this stock has been so beaten up recently, that change can only be for the better. What really hammered this stock was the share dilution last month but, that is a temporary setback. It was done to grow certain parts of the company and the market WILL absorb the new shares. Once again, this is a brand new company and it's still trying to get it's feet underneath it. They gotta do what they gotta do. But yes, you're dad is right. A stock price never lies but you need to find the reasons behind what you are looking at and take the totality of the circumstances into account. That is the only way you can make an educated decision about your investment. Buy damaged stocks not damaged companies, this company is far from damaged it's just growing and growing is sometimes painful. In any case, the best advice I can give you is to not buy something at .22 and ride it down until it's sitting at .02. Now that's moronic. Set a stop loss point before you buy and STICK TO IT. That is RULE NUMBER 1.
-Dave-