-------------------- Do you know what "nemesis" means? A righteous infliction of retribution manifested by an appropriate agent. Personified in this case by an 'orrible 'unt... me. -Brick Top Posts: 746 | From: Pawtucket, MA | Registered: Jan 2005
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posted
Did you guys no that there is a rumour of a merger with an amex company...new financing is comming and the short possisition is 6mil verified....that is 25 percent of the float...this is a ticking time bomb.... .30-.40 shortly
Posts: 357 | Registered: Oct 2005
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quote:Originally posted by emich25: Did you guys no that there is a rumour of a merger with an amex company...new financing is comming and the short possisition is 6mil verified....that is 25 percent of the float...this is a ticking time bomb.... .30-.40 shortly
Wednesday through Friday Candlesticks look like the makings of a Morning Doji Star to me! Bullish.
That and the UHV are very nice signs.
I also like that they have lived up to their committments with the Wells Fargo setlement and stayed away from the Commander Fund when they started playing games.
Very Nice.
Thanks Prdponce! You just made my Monday morning decision easy. Jumping in.
The Bigfoot
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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'agree doublediamond... I'm heavily invested in MLXO.. beautiful chart, huge volume low floater and some big things are in the workd... just watch what happens this week '
I'm getting very excited here !
Posts: 749 | Registered: Aug 2005
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posted
Prdponce, it looks like you and I appreciate the same sort of things in a stock. I am officially in at .038.
Lets see what this kid can do.
The Bigfoot
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
Dang the bottom drop out from under the bid fast!
Ask hasn't changed though so it cleared out the middile ground.
Setting a spread to start for another push?
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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quote:Originally posted by emich25: Did you guys no that there is a rumour of a merger with an amex company...new financing is comming and the short possisition is 6mil verified....that is 25 percent of the float...this is a ticking time bomb.... .30-.40 shortly
At this point I would be happy with a nickle. Where did you get .40 from???????
Posts: 806 | From: CT | Registered: Dec 2005
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I'm looking for more around the .065 to .09 range depending
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
don't get me wrong emich25, I would like .40 but everytime this thing tries to run it get knocked down hard.
Posts: 806 | From: CT | Registered: Dec 2005
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posted
It gets knocked down because of a short seller..When the intial financing was done Tom had to put up his shares for collateral..The financing company then shorts the stock so far it is up to 6million...however the company has secured new financing and there is talks a merger with an amex company may happen..this is a real company not some start up new idea..the company has been around since the 70's unfortunatly they made some mistakes when it came to getting financing...anyhow we will se how this plays out but the fact remains they have 15mil in assets and with proper financing can get things running again...
Posts: 357 | Registered: Oct 2005
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The company's stock was shorted sold drastically the last 2 years due to a past financier wanting to take over the company by gaining control of the shares. However, the company worked out new financing the last 2 months, the short was paid off, and that short has at least partly covered his postion.
However, very recently the CEO achieved new financing and part of the terms were putting up 8 million shares as collaterol. Come to find out that the shares were shorted, again, and the CEO found out about this. He is very upset at this and is now in the process of buying those 8 million shares back. THe person who shorted the 8 million now has to cover his short position by buying on the open market. The beauty of it is since there are so few shares available to the public (maybe 10 million or so), buying back these shares will be very difficult without driving up the share price a large amount-a classic short squeeze.
Plus, the company itself is in the process of an amazing turnaround story, so expect further pr's in the near future which will only cause more buying by the public, driving the share price up even further.
Basically, what this comes down to is its like having shares in a company KNOWING that there is someone out there in the very near future who MUST BUY almost 1/3 of the entire float. Only one thing can happen, and that is a parabolic situation of the price moving up, especially when this break .08. Honestly, anything is possible as far as how high this price can go when the short covering begins.
Posts: 806 | From: CT | Registered: Dec 2005
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The idea sounds like a great set up. Is there anything verifiable here or is this just opinions and "inside voices" being posted around the boards?
BF
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
The people buying in really have a thing against getting in at the ask. LOL
uptick bid .0335/ ask .035
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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looks like we will end with a spinning top today. Indecision in the market. Bulls and Bears fighting for dominance.
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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Forget the spinning top theory. We are solidly in the green thanks to the last five minutes of trading.
BEER TIME. (LOL as if I weren't already drinkin)
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
Gonna gap in the morning..could be a runner...Let's see what the morning brings...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
notice how they waited until the eod to buy or cover..cause if they started in the morning than they would have tipped their hand and we would have run...this stock will be awesom soon
Posts: 357 | Registered: Oct 2005
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posted
If you combine the last two days together you get a "Long Day" candlestick. Rather obviously, this is a very bullish signal.
I too expect a gap in the morning after that EOD rush.
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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