The reality is that the AGM was lackluster. It's pretty clear they are still in the experimentation stage. I'm sure a lot of people got a buzz out of hearing that they intend to be cash positive in Q1-2013, but that's the same old song and dance we've been hearing since Dec 2010. Revenue is always just a quarter or two away ... for the last 2 years.
i know what they do/did and how it's done .. talk about angst ;-)
how *revealing* that legit bids sitting at 1.20 required a percentage based signal trade (400) at 1.19 so that *4k* could show at the uc ask at 1.20 (nite)
that took over an hour to >> er >> generate .. hmmm
watch how quickly the fake stuff follows
JBII >> trades <segment>
$1.1900 5,500 OTO 15:13:58 $1.1900 500 OTO 15:13:16
$1.2000 1,000 OTO 15:06:52at uc ask/nite $1.2000 1,000 OTO 14:10:24 at uc ask/nite $1.2000 2,000 OTO 14:06:14 at uc ask/nite
$1.1900 400 OTO 13:53:50 percentage based signal trade/bid $1.1900 500 OTO 13:53:06 duped at bid
$1.2000 500 OTO 13:52:47 $1.2000 1,000 OTO 13:52:29
========= the *key* to today's >> er >> *volume* was the *take up* earlier this AM >> when MERQ was once again *utilized*
that volume (done in under 30 minutes after mkt open) was approx 60k
that *volume* would be replicated .. either .. 3x or 4x
3x = 180k
57,810 x 3 = 173,430 .. hmmm
volume on JBII >> today >>
Volume 174,320 10-Day Average Volume 86,462 90-Day Average Volume 114,795
angst is the economics >> don't believe me >> check out *volume* done in 2011 (2nd AGM) >> when the PROS' set up of JBII was in full throttle
longs aren't selling >> longs bid sit >> legit bids *take time* to fill (especially when they flip them around) >> vs. the good ole' share swap shuffle >>
i really enjoyed watching the old MM switcheroo today >> happened more than a few X >> and documenting what MERQ *did*