posted
FWIW, When I played this stock a few months ago...I saw the volume was rather high for the amount of supposed share structure...my concern was posted on the under .10 board in the old LFWK thread...has anyone contacted the TA to confirm what the share structure is as of late?
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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quote:Originally posted by 10of13: FWIW, When I played this stock a few months ago...I saw the volume was rather high for the amount of supposed share structure...my concern was posted on the under .10 board in the old LFWK thread...has anyone contacted the TA to confirm what the share structure is as of late?
10 of Months Back, What's your ratio, or whatever? ie, how do you judge the volume vs share structure?
posted
Tex...IMO when a stock is "in the middle of a run"...it is obviously harder for me to judge and this one has really been in the middle of a run or uptrend, so to speak, for a little over a week, nearly 2...however when I watched the L2's last time I was playing it...there seemed nearly triple the float+...and no real prise movement...(i'd have to check back on the dates to be more accurate) There appeared to be what I would consider mirror trades...let's say a buy of 70011 shares and then followed by a sell for 35005 and 35006 odd things of that nature..almost making it appear that there were trades and increase the volume...but I was skeptical that they were actual trades...
But usually I try to look at the "average" over all volume of a stock...what seems to be "normal" for it and go from there...an actual ratio for volume/share structure...not sure I have one...since so many stocks have different interests at different times...even though the share structures can be similar...the different stocks would have different volumes...
-------------------- #1 Rule: Protect your capital! #2 Rule: Never fall for the BS on the boards! Posts: 8890 | Registered: Jan 2006
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"Do you think that people selling, that were involved very early could be a good reason? Also, if that was the case wouldn't that be a good sign that although millions of shares are being sold, a lot of new money is countering the selling?"
Volume is always a wide mix of activities. It is impossible for any to break out categories of trading. This mix can include, profit taking, flipping, lender dilution, company dilution, insider selling, block transfers, shorting, naked shorting and, of course, common buying like we do. There are other types of trading but those are the most common.
Again, nobody can sort out what type of trading is taking place. We can assume a mix of trading.
General rule is dilution lowers prices, new buyers raises prices. Currently SLJP is down trending suggesting dilution.
Profit taking will also lower prices but only for a short period of time, usually no more than two days, perhaps three days. Stocks with a low outstanding share count can be more effected by profit taking. However, this still only lasts for a few days.
Reason profit taking does not last long is common traders simply do not have the cash to buy a lot of shares for later profit taking.
Be careful. I am writing of cash in the hands of ordinary traders, like us. This is not all that related to outstanding shares. A cheap pink, each trader may own a million shares. An expensive stock, each trader may only own five-thousand shares. When profit taking is going on, this is relative to the outstanding share count. A pink, you might dump a million shares but then so does everyone else. The net effect is not much, just high volume. Same principle for expensive stocks.
Only time profit taking has a major impact on share price is when EVERYONE is dumping, like a panic sell off, or pump and dump selling. This is not the case for SLJB stock.
With volume ranging from twenty-million to thirty-million per day, this simply cannot be ordinary traders engaging in profit taking. Yes, some profit taking is in the mix, but this is not a major factor with such high volume.
On new money countering, again, there is a very limited amount of money in ordinary trader's hands. There is not enough free cash out there to support current high volume for this to be majority ordinary trader buying.
All signals point to dilution. Make a note dilution can be effected through many means, not just a company dumping new shares. Lenders can dump, shorting, naked shorting, on and on.
Bottom line, it is impossible to "break out" data showing what types of trading take place. We can only make educated guesses based on what "signals" are present. High volume and slow down trending, dilution.
Cassity writes,
"Do you believe that MM manipulation has anything to do with this stock not rising in price? A lot of people claim this and from watching it, seems that it is a very good explaination."
Absolutely not. Market Makers do not profit this way. Commissions and front running are tools used by Market Makers to profit. If Market Makers are manipulating, we would see swings of at least five cents per share, up or down, over a range of three to seven days. Market Makers will swing prices at least twenty percent for a stock of this current per share price. Not happening.
"I have read that with the DIFX listing they can not issue more shares, can you elaborate any information you may have on this subject?"
Completely bogus rumor initiated by either the very ignorant or the criminal element. Most likely, this comes out of I-Hub where traders are known to be beginner amateurs and crooks.
There are seventy, eighty pages there. If you can find this rule of fixed share count buried in there somewhere, let me know. I cannot find any rule limiting share count. I have read those pages twice to be sure. I cannot find this rule.
posted
Continues to baffle me why readers are so fearful of me. Readers can see Cassity walks away from every encounter with all his body parts still intact, and a bit smarter.
I believe readers are fearful of reading the truth, rather than fearful of me.
posted
I think readers have a hard time hearing anything that is negative towards their stock. I'm trying to look at all possibilties. I like this stock. I truely think it will be very valuable in the near future. People want things to go to a dollar in one day and that isn't always the way it works out. It will be interesting to see how the company handles business over the next several weeks. I never listen to anyone who says they are LONG in a stock, because they never really are. They are just in long enough for a little run. I think this stock will be worth well more than a dollar, but it may take a little time. It all depends on the company and what news they have to attract investers. Thanks Purl for taking your time to answer my ?'s. -Cassity
posted
Glassman, I know you don't really like to post your picks, but you have mentioned several times that you find R/M's interesting. I would love to hear your thoughts as well on SLJB. Thanks
posted
Cassity.. if holding a stock doesnt make you feel comfortable.. then go ahead sell it and move on.. thats the best thing you can do to yourself. I have LFWK I had bought at 0.025-0.035 range, long time ago. at that time, "many" used to come to the thread, bash LFWK, and move on. every time a PR is released, "experts" used to flock and warn us of pump and dump scenario, and then get back to pump their holdings.. you are right that "hard time hearing anything that is negative towards their stock".. I defended LFWK then and I shall defend it now. Heck, I unloaded a bit at 0.15 and reloaded again at 0.09. well, my wait has eventually paid off and I beleive this company has lot more potential, than being a pure P&D. None of their PR's till date have been simple pumps without any basis. and do your own DD.. sometimes it helps rather than purely relying on "expert" opinions..
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations. Posts: 961 | Registered: May 2006
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"On new money countering, again, there is a very limited amount of money in ordinary trader's hands. There is not enough free cash out there to support current high volume for this to be majority ordinary trader buying."
I might enjoy writing a book on Population Geography, but this would bore readers. Most readers rather enjoy my naughty behavior and nude pictures.
Knowledge of Population Geography is critical to understanding the flow of money through the stocks markets, effected by ordinary traders, which is us.
Breaking down our population by financial abilities will lead readers to understanding where the money is located and how much money is available.
Been more years than I will admit since my post-graduate classes and research in this subject of Geography. However, I can provide some general guidelines on money flow effected by ordinary Americans related to stocks.
Let's assume our American population is an even three-hundred-million.
About sixty percent of our population will be children. This is, persons under the age of twenty. These people have no money for trading and most are not allowed to trade. Our trading population is now one-hundred-eighty-million.
Assuming a fifty-fifty split on gender, with a majority being married couples with only one partner trading, cut that last figure in half.
Now we have ninety-million traders out there.
Roughly one-fourth (likely a lot more) live in poverty conditions, no money. Now we have about sixty-eight-million viable traders.
Looking at the elderly, most are successful and off on vacation, or sadly living on fixed incomes. I will deduct some for the elderly who do not trade, leaving fifty-million viable traders.
Of that group, we now have the young and the middle aged. How many are in a position of being effective traders? Nobody knows. We do know the young have not much money and the middle aged Baby Boom generation is having a hard go of it, financially, thanks to Bush.
Guessing is only left. I would guess the number of viable traders left, thirty-million in numbers.
Break out how many trade only high cost value stocks, how many trade upper end penny stocks and how many trade pink sheets. This greatly reduces the number of viable traders for each category of stocks.
For low end pennies and pinks, there really is not that many traders out there. I would estimate ninety percent of those who begin trading stocks like we do, lose all their money and vanish.
Bottom line is there are very few traders involved in stocks like SLJB and other stocks we read here on discussion boards. These are only cut-throat highly aggressive traders who do NOT dump all their money into a single stock.
When we look at volume for a stock, when volume is extremely high, we must assume the percentage of ordinary traders to be very low and assume those traders do not represent a majority of cash flow through a stock.
For SLJB, we "should" assume the majority of trades are either between companies, between Market Makers or dilution into the hands of ordinary traders.
We cannot sort out, statistically, what is actually happening. There is a large mix of activities.
However, when volume is very high and prices are down trending, we can safely assume dilution which is being sold into an ever diminishing market, into common traders who slowly drop out of buying as cash is consumed. As the ordinary trader cash flow diminishes, share prices fall to entice the last of the money into the stock.
Yes, there is some corporate type activity taking place, lenders, insiders, Market Makers, whomever. This masks the underlying majority buying, which would be a limited number of ordinary traders whose cash pool is slowly diminishing.
Should you like, you can take this to extreme detail, such as how many are flipping, how is cash being limited through pattern day trading and the three day settlement rule, how many are pumping and dumping, and all the other crap.
However, I am not so anal retentive to worry about such details.
Bottom line is this type of thinking will assist you in making a decision on what is the majority type of trading taking place; follow the money.
High volume, SLOW down trend, this means dilution.
quote:Originally posted by ruskin_muskin: Cassity.. if holding a stock doesnt make you feel comfortable.. then go ahead sell it and move on.. thats the best thing you can do to yourself. I have LFWK I had bought at 0.025-0.035 range, long time ago. at that time, "many" used to come to the thread, bash LFWK, and move on. every time a PR is released, "experts" used to flock and warn us of pump and dump scenario, and then get back to pump their holdings.. you are right that "hard time hearing anything that is negative towards their stock".. I defended LFWK then and I shall defend it now. Heck, I unloaded a bit at 0.15 and reloaded again at 0.09. well, my wait has eventually paid off and I beleive this company has lot more potential, than being a pure P&D. None of their PR's till date have been simple pumps without any basis. and do your own DD.. sometimes it helps rather than purely relying on "expert" opinions..
Not nervous at all. In fact there have only been a few stocks I've bought that I feel as comfortable owning as this. I don't buy the pump, or the bashing. I like to hear all sides of the discussion other than just all good or all bad. Purl seems to have a medium mix. I think if the company follows through with what they have stated, you'll see Purls positives begin to outway the negetives. I do wonder why this stock is not moving more, because there is a lot of interest and great potential, but I'm a patient man and I'll be here for awhile. GLTY
"I think readers have a hard time hearing anything that is negative towards their stock."
Precisely, very exact. This is why a majority of traders end up losing their money then leave the markets. Almost all beginner traders come here to the markets with a firm belief, "I am going to get rich quick!"
Only people who are becoming rich are seasoned traders like us who relieve those gullible gits of their money.
quote:Originally posted by cassity: [QUOTE]Originally posted by ruskin_muskin: [qb] I do wonder why this stock is not moving more, because there is a lot of interest and great potential, but I'm a patient man and I'll be here for awhile. GLTY
cassity, the stock is not moving because of charts.. charts are week.. its gotta go down a little bit more before it actually starts going back up again.. wait for RSI to stabilize a little bit..
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations. Posts: 961 | Registered: May 2006
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posted
Hey now Hey now What's the matter with you? Girls just wanna have fun now. - come on Hey now Hey now What's the matter with you? Girls just wanna have fun now.
posted
Great posts guys and girl, I really learned alot by reading the conversation between yall, alot of to the point info. That is great. I always enjoy to hear your point of view Purl, and I like it even better when the people whom you are conversating with can respond back without the normal bashing,name calling and short-sightedness.
-------------------- Men lie......Women lie........numbers don't......... Posts: 526 | From: Atlantic city | Registered: Mar 2006
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posted
make girl plural toad.. more than one on the thread.. hope people stick to stock discussions rather than starting to post their nonsense again.. sane ideas/discussions always appreciated!!!
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations. Posts: 961 | Registered: May 2006
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posted
Can anyone explain why the bid and ask sizes are so small. I've seen 1x1, 1x100 and 100x1. I thought this indicated a need for shares. Please explain. Thanks
posted
Serious dilution is basically confirmed by today's share price behavior.
Should this behavior continue for several days, continue through to Friday, my opinion will be the company is heavily dumping shares which is an extremely negative signal.
This is why I am waiting to discover what is going on with this stock.
I am not ready to label this one a pump and dump scam, but today's behavior is a very early warning signal of a scam.
Be sure to note, I am not writing this is a scam but rather writing a "signal" of scam is beginning to appear.
Take my article up there about a signal of a scam and post it at I-Hub, an instant uproar will develop, you will be assaulted, the article deleted and possibly you will be banished or receive one of those idiotic "member mark" crap things.
I am simply commenting. You should NOT actually do this; trouble will come about.
posted
i dont think that they are diluting there stock, I dont think this is a reg. pinky ...IMO they have stated too many times in the past and in there PRs that there is not dilution taking place..and from there track record with there PRs they have been on point and very up front with the investors, and if they were to dilute the shares, and its found out, I think they would lose way too many investors...but that is all my opinion...and I hope im right...because if the fact remains that insiders how the entire float and there are many shorted shares out there, this could get very interesting very fast.! once again all IMO...GLTA.!!!
-------------------- Dont take my advice, due your own DD Posts: 711 | From: Oklahoma | Registered: Apr 2006
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posted
WW, every diluting pinky out there says they aren't diluting.. We have all seen it a million times. QBID stated over and over they were not diluting.. bla bla bla.. oops 16 billion turns into 350 billion.. Trade the chart and stop caring about the company..
Posts: 2965 | Registered: Aug 2005
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posted
same dilution or w/e basher's crap would be repeated again and again.. I remember same things said when price went down from 0.025-0.017.. 0.035-0.027.. so on and so forth.. like i told you cassity.. this will be repeated again and again.. do your own DD.. The way I see it, charts were weak.. stock was overbought.. MM's couldnt continue the run.. share prices fell.. IMO by weekend, this would eb 0.1 range again..
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations. Posts: 961 | Registered: May 2006
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posted
purl, if its not the company, (but i am almost certain ppl that claim there long and strong have been selling) but if its not the company, and a small part of long term investors selling, then the remaing would be what?...would it be ppl shorting the stock? and im not being sarcastic, im asking what u think it could be.?
-------------------- Dont take my advice, due your own DD Posts: 711 | From: Oklahoma | Registered: Apr 2006
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