quote:Originally posted by vg: hey tex how about after the sell do not withdraw that money for a couple of weeks and if you do keep it in ur bank acount dont go crazy over ur winnings, just wait it out, celebrate a couple of weeks down the road. And so if anything does come up you can cover
ya, I just wanna make sure where I stand--never had to think about reversed trades before...IF there is a profit party, c'mon over to Panther City, lol
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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if the company is smart (given their track record they are not unless they know something we don't know), they won't go into a panic buying because that would increase the pps. people have to realized that this is going to get shuffled around to keep the bid at 0.0001. as keithsan says - no bid whacking. be strong. put sell orders in at a high price to let them know we are seriuos.
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quote:Originally posted by cruz: if the company is smart (given their track record they are not unless they know something we don't know), they won't go into a panic buying because that would increase the pps. people have to realized that this is going to get shuffled around to keep the bid at 0.0001. as keithsan says - no bid whacking. be strong. put sell orders in at a high price to let them know we are seriuos.
Yeah, check this out, from an i-hub post:
Posted by: Rocket Blasters In reply to: Jim Bishop who wrote msg# 326 Date:5/21/2005 7:39:27 PM Post #of 368
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-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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quote:Originally posted by cruz: if the company is smart (given their track record they are not unless they know something we don't know), they won't go into a panic buying because that would increase the pps. people have to realized that this is going to get shuffled around to keep the bid at 0.0001. as keithsan says - no bid whacking. be strong. put sell orders in at a high price to let them know we are seriuos.
they will have to ask the nas whats needed to be done to rectify, they may be told to buy. up the problem, TA may be told the same thing....
quote:Originally posted by cruz: you know 350 mil at a penny or 350 mil at a half penny would be nice.
so would a couple of billion, the play all along wasnt to get the split and dump, it was to see what the company would do, they MAY have to buy back in all honesty the NASDAQ will have to do something, this isn't a sho list situation...
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they could've suspended trading while waiting for the divvidend, but the real issue is the price at which they offered the shares to the market, and how many...i don't think that's the companies problem..
BUT it's just my opinion....
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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quote:Originally posted by glassman: if i am correct? and the MM's offered to sell us naked shorts at way below market value? it's not the co's problem... it an MM problem.....
just my opinion...
remember, the price should have reflected the upcoming value...that is what we trade for after all isn't it? the FUTURE value that we expect?
I dont' see it exactly the same, remember there are 11 shares on the stock 33 mill after split, at 11 it was 3600 or something with 33 mill shares it should be what......(definately not a subber). I don't think mm's were at fault but if they are good, at least thats not what i'm getting from various phone calls.
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being the company thought split was over, they had 33 million to dump and began. starting at 4 and lowering it. Thinking they were dumping into the news.
the thought was they would start a buyback on realization of the flub. they didn't until friday afternoon when the pps went back up dramatically....
they won't receive split from the 33 mill they have. they in trouble IMO lets see what there options are to get out of it.
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quote:Originally posted by glassman: i think the system has been exploited by so many for so long in so many ways that the whole system is responsible to some degree or another....
Definately but this is a new one. It has happened in the past to a smaller degree and company usually buys back quick. They chose not to this time, maybe on good lawyerly advice or TA assumption whatever it is, they did not expect the shares sold to carry with it the 3 million in bills due.
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i have done trades with share distribution before...they don't work the same as cash distributions......the reason for that is the share you already hold is usually part of exchange in the dividend issue...
the price should have remained high till the shares showed up....
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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who would you rather be at fault mm or ta? ta uses insurance claim. mm has money and should be able to buy these back and recoup their loss. pps should rise. no bid whacking guys!
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quote:Originally posted by glassman: i have done trades with share distribution before...they don't work the same as cash distributions......the reason for that is the share you already hold is usually part of exchange in the dividend issue...
in this case the FS was meant for the owners only, RS 6and 1/2 million for 1 left no one holding shares, fractional shares were bought out at .0005.
IMO there is no way the management wanted to dump there 11 due bill shares on the market thats why the 4k price. Mistakeny they thought they now have 33 mill to sell. Also they think we the buyers are wrong. But I got my divs.
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quote:Originally posted by cruz: who would you rather be at fault mm or ta? ta uses insurance claim. mm has money and should be able to buy these back and recoup their loss. pps should rise. no bid whacking guys!
doesnt' matter to me if there is a buy back order given. If not then i'm not sure, at least one of the owners has some deep coroprate pockets too.
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quote:Originally posted by cruz: if there is a buy back order scenario. they set a price and give a deadline date to accept? it would be a pr sort of thing?
no it would be more on the lines of company calling NAS saying we F'd up. what do we do? Nas says buy everything back or else, could say the same to TA and say thats why you have insurance.
will be no announcement, you'll be able to tell if buyback is happening by opening volume. and PPS of course they will try and buy back at lowest price possible.
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quote:Originally posted by cruz: if there is a buy back order scenario. they set a price and give a deadline date to accept? it would be a pr sort of thing?
i'm hoping for heavy trading.
they can actually MAKE MONEY in the buyback if they do the trades correctly....watch for real PROS working the system....LEARN
-------------------- Don't envy the happiness of those who live in a fool's paradise.
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quote:Originally posted by cruz: if there is a buy back order scenario. they set a price and give a deadline date to accept? it would be a pr sort of thing?
i'm hoping for heavy trading.
I know you'll have your buy orders on trigger at open just in case...
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i like that idea of buying more come monday. all the while i am thinking how to sell. keithsan - do you have to work monday or are you done teaching? i have to work monday and anticipate be very busy with little time to watch. any quidance on monday? should i be able to wait it out? just watch monday with the exception of some buy orders maybe. your opinion of course.
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CRUZ: i have to work monday but if internet is down i will go home. If we open well, I will set students up to work, I'm off for the first market hour then working for lunch and home for the close. So I should be ok.
Glass, I haven't made a nickel since beginning of play i've been going for the big score.
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