posted
Good Morning All...I have been unable to keep up with the latest events (reading last 6-7 threads) and have been up most the night with a sick kiddo. This morning I have to supervise some clients doing some on-site testing and will be away from my desk most of the morning.
So, I am asking if someone can give me a quick rundown of where we stand and what this means to us longs. I would think this would create the short squeeze of a lifetime and the PPS could go into the $100+ range...am I correct? Also, I am with Scottrade...how does this affect us? Do we need to get certs? I bought most of my shares after the symbol change, so I'm not sure if that would apply to me.
Thanks, and GLTA
-------------------- "If you go the Extra Mile there will be no Traffic Jams".
St. Matthew Posts: 885 | From: Dallas, Texas | Registered: Sep 2006
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posted
Put an buy order in for 200 shares for the heck of it, and it filled almost immediately at 1.04. Hmmmm, who the heck sold???
Posts: 528 | Registered: Aug 2006
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posted
shorty is taking all this as a joke, and conyinue to sell phantom shares, hope they don't screw us all. Posts: 572 | From: usa | Registered: Aug 2006
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quote:Originally posted by TaxBack04: Calm people this is just an attention getter. I think the climb is inevitable. Remember they don't even make a dent in the number of shorts until volume hits near 10 million.
just watch the climb it should be beautiful.
At this rate they'll reach 10 million easy. 8 minutes in and its at 800k+.
Posts: 854 | From: Alpharetta, GA | Registered: Mar 2006
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quote:Originally posted by TaxBack04: Calm people this is just an attention getter. I think the climb is inevitable. Remember they don't even make a dent in the number of shorts until volume hits near 10 million.
just watch the climb it should be beautiful.
At this rate they'll reach 10 million easy. 8 minutes in and its at 800k+.
800K short shares doesn't bite into the total at all.
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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posted
Remember there are 15,184 entities on the NOBO list so it can't be just mm's we're battling here ... not to mention that these are apparently some of the most tenaceous people around stocks. They have a job to do ... cut, slash, dodge, hide, etc. ... all we have to do is hold and watch!
Good morning all!
-------------------- ... make you're decisions only on you're own DD ... Posts: 348 | From: Arizona | Registered: Jul 2006
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posted
You know last night someone posted a repost of how MM's make money no matter what on short sales. At first glance it confused me a bit and I looked at it again this morning and realised that the math was completely off. Did anyone else catch this?
I think I will go look for it again. Something like they buy a million shares at 0.10 and the price goes to 0.20 so they short another million and use half of it to pay the first short.
Problem with this logic is that if the price went to 0.20 then his original short owed is not what he paid it is twice as much. All his money from the 0.20 short goes into the first short. He makes nothing, and is still in short on twice as many shares.
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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quote:Originally posted by TaxBack04: You know last night someone posted repost of how MM's make money no matter what on short sales. at first glance it confused me a bit and I looked at it again this morning and realised that the math was completely off. Did anyone els catch this?
I think I will go look for it again. Something like they buy a million shares at 0.10 and the price goes to 0.20 so they short another million and use half of it to pay the first short.
Problem with this logic is that if the price went to 0.20 then his original short owed is not what he paid it is twice as much. All his money from the 0.20 short goes into the first short. He makes nothing, and is still in short on twice as many shares.
and thats why surfdumb is considered so dumb.
Posts: 440 | Registered: Jul 2006
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quote:Originally posted by TaxBack04: You know last night someone posted repost of how MM's make money no matter what on short sales. at first glance it confused me a bit and I looked at it again this morning and realised that the math was completely off. Did anyone els catch this?
I think I will go look for it again. Something like they buy a million shares at 0.10 and the price goes to 0.20 so they short another million and use half of it to pay the first short.
Problem with this logic is that if the price went to 0.20 then his original short owed is not what he paid it is twice as much. All his money from the 0.20 short goes into the first short. He makes nothing, and is still in short on twice as many shares.
I believe your speaking of a repost by Glassman. He got that info from Ihub(serfdum). I think he pointed out the same issue.
posted
I bought 151k shares total at $1.03. I originally had it at $1.07and it did not fill. I cancelled and bought at $1.03. There trying to keep the price down artificially. I beleive this will run soon. Be patient.
Posts: 354 | From: Novi, MI | Registered: Apr 2006
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posted
Well it was a basic reverse senario to the regular shareholders averaging down, just that they are averaging up. And any of us that has done a good deal of trading knows the problem with averaging down a "pig". Imagine your situation if you average up a "rocket".
Surfdumb is not so smart...
-------------------- Una Mas! Posts: 2717 | From: Eville,IN,USA | Registered: Feb 2004
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posted
Remember I tried to pay more then the ask and they would not let it through. They are trying to prevent a run up.
Posts: 354 | From: Novi, MI | Registered: Apr 2006
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quote:Originally posted by TaxBack04: Well it was a basic reverse senario to the regular shareholders averaging down, just that they are averaging up. And any of us that has done a good deal of trading knows the problem with averaging down a "pig". Imagine your situation if you average up a "rocket".
Surfdumb is not so smart...
even more crazy? it's like paying your mortgage with a credit card...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
I think the MM's may have outdone themselves this moring. Their ability to drop this thing even exceeded my expectations. I still think (hope) this will jump at some point, but who the heck knows when it comes to this stock. Not sure who said it this morning, but they were probably right...we won't see much of anything until the 10k. At least I received confirmation from E-Trade this morning that my shares, are in fact, mine.
Long and strong!
Posts: 528 | Registered: Aug 2006
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posted
That would be me Vin, but I'm dissapointed I was right...
quote:Originally posted by RichBy26: Good morning gang, I spent 40min this morning emailing our concerns to BB's list and a couple of my own! I am extremely excited to see where this goes from here!! But, IMO the real action won't take place until after the 10K is released and the reset price is announced...
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
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Today’s Price Performance as of 10:14am EDT, 9/21/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $1.02 Last Price 0.02 -1.92% Today’s Change $1.03 Today’s Open 912,451 Above Avg. Today’s Volume
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven Posts: 3255 | From: Orlando, FL | Registered: Mar 2006
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