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igotthemojo

12/04/11 3:45 AM

#33991 RE: first mike #33987

"Even Mojo who claims to trade on very small pops and dips says that he trades only about once in each week on the average (please correct me if I am wrong mojo)"

incorrect...never said any such thing...i will trade when i see a clear sign that theres going to be a decent move which should bring decent volume....
and i dont care about the dips...i dont buy the dips with penny stocks...that would require holding for longer than i want or selling for small profit which i am not interested in..
i care about upward movement..i dont care if kblb falls to .09 or .08 or .07...i wont buy it for that reason.....but if i see that its ready to move i will buy it...and i dont care if that is at .10, .11 .15 or wherever...

its nice to brag about owning shares at .01 or having bought more at .07 when it pops to wherever....but its all about the money for me...i assure you if i had bought shares at .01 i would have sold them long ago for a nice profit...

i understand the investors who bought and never sold...i think its insane in a penny stock, but i understand it...but those who claim to buy and sell and then claim they still hold .01 shares???...lol

and as for message boards effecting the pps...for all intents and purposes, no..they dont..will some investors be swayed to buy and sell based on whats said on a message board?...in some cases yes....but those are going to be small time investors with small time trades which really wont affect the pps much at all...

it could very well be that one or more of the million or multi million share holders are selling some or all of their stock for whatever reason they have...but i seriously doubt it is due to anything that is said by anyone on this or any message board...


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es1

12/04/11 5:00 AM

#33992 RE: first mike #33987

I totally agree with you Mike.

**Long post alert**


I think "shareholders of record" really means at the time that they called the TA there were that many. 5 min later it could be 2 times that or half that.

It is an indicator of one thing. The amount of "longs" here can not be much lower or higher then that number. I am under the impression that a TA has an actual share holder account for each share of a company. That is what they are there for. I do not think that Etrade has 200 people long on KBLB and they are registered as 1 share holder of record. I could be wrong but I am sending in a request for the answer to that question.

I would think that 90% of the people that are on this board are traders not share holders. There are 286 followers of this board. Even if 50 of them were long and 50 were inactive you would have 186 traders here. If each mad 1 trade every 3 days we would have a 62 trades a day average. I am sure that this board is not all the followers here or all the traders but share HOLDERS is probably fairly accurate to say 50 or less
I am not really meaning to imply that someone is sitting at a computer buying and selling to themselves either.

Traders come in various "strengths". There is a lead dog or two on every well traded stock.
When they decide to act, people in the know pay attention. There is a chain reaction in the different level of traders involved.

Like a pebble in a pond when the lead dog The "Ax" makes a move the next level of trader reacts. If the common trader pick up on that action and follow suit there will be a momentum swing.
You hear this all the time on msg boards it the way of people saying "This will be popping up on peoples radars now".

As the ripples from the pebble spread the trading spreads too. The Ax moves. The professional traders pick up on that and then the public jump in.

The key traders can not do this alone. They need all the rest to follow through or the momentum dies. The Ax can only get the directional action started.

In Pinks anyone can be the Ax. They may not even know they are playing the part of the key trader. Go to a no bid/.0001 stock and attempt to buy 100 million shares and you will see the power the Ax can have in the Pinks. You can make a stock like that climb 500% with 1/10 of that and with the rest you can buy and sell almost at will. Eventually the fire burns out and the stock tumbles back.

My point here is between MMs selling themselves shares and self covering shorts. People like you or I seeing a deal, People like Mojo seeing a trade, and people seeing it pop on a radar, 67 trades a day is nothing. I do not see holders of this stock in the hundreds. If there were hundreds of holders the PPS would never get to .086 after news. The holders would see the price break and fill up with shares. If holders cant stop a down trend it is cause there is not enough to handle the load.

That failure to fall back to the 000s is a very strong point about this stock. It may lose its momentum but enough people decide to hold some of their shares every run.

The idea that there is one supreme leader/holder with many millions of shares is untenable



Last point. In a stock that only trades 1 million shares a day you would not need more then 1 million shares to control the PPS through day. If you had 300k in sells set up between .096 and .10 and buys set up between .086 and .092 and had another 400k to use to push the price around you could make a butt load of money and completely control the PPS if you are good at making people believe what you show them. I would be as easy as adding the shares that you buy at the lows to the pile you are selling at the highs. If a pile runs down raise or lower your PPS accordingly. Thats what the MMs do
You would also probably end up in jail but it would not require many millions of shares. I would think you could do it here with less then 400k shares