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Pennystockgeeks

05/05/10 10:35 AM

#77067 RE: sawdin #77065

PBLS Going to 01 PPS soon load the boat News to come very very soon Thats all I can say.
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sawdin

05/05/10 10:44 AM

#77068 RE: sawdin #77065

The key was to get in down at .0002 - .0004, then you could have already covered your initial investment. I don't think too many people here (any?) are in 'long-term', most will get out when this momentum run is over. Sure, depending on what happens in regards to a RM (and the strength of the new company), some might leave some shares (or repurchase after pullback), but no one thinks we are getting in on the ground floor of a Apple, IBM, Exxon, etc...

GLTY
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valleyboi0

05/05/10 10:51 AM

#77073 RE: sawdin #77065

Just to be clear, those numbers represent shares that were not immediately available to MMs as orders were processed and will be delivered at a later time. (At least, thats what the premise is). shares sold short fill the void of "normal" high trading volume because MMs will borrow from other MMs to fill orders in the absence of sufficient sellers, thus, they are "short" but that kind of shorts are usually covered quickly when the pps settles down.

As part of FINRAs new rules post-financial crash, daily amounts are now required to be published. This number of shares reflects availability and is only important to watch if trading becomes flurried/frenzied for an extended period.

In particular, short share numbers that are 50% and higher are of interest as this means that half of the days volume (or better) were "borrowed" and will then need to be reconciled. (covered). If you see a trend that starts to extend into days/weeks over 50% then you know that MMs will have a job on their hands to keep a lid on things.

I assert that that situation is not here yet for PBLS as I believe that rather than above, and only since the uptrend began, MMs here are simply selling/shorting high in the mornig and covering in the afternoon when/where they can. There are enough shares here that it would be IMPOSSIBLE to try to count them and further, that fact also contributes to thier ease of PPs manipulation because they are assisted by in-and-out- daytraders.

With PBLS, Someone will always have more than you know so its best to trade smart and lock in profits where possible.

JMHO