quote:Originally posted by unreal33: ok dumb question, but who is naked shorting the stock the mm's?
Holding Strong, holding Long
the answer is yes the mm's are selling shares that they dont own.therefore the pps is pushed down to the level that they sre at now.but at some point they are going to have to cover.that is when the big squeze happens.
Posts: 629 | From: new england | Registered: Feb 2005
| IP: Logged |
quote:Originally posted by unreal33: ok dumb question, but who is naked shorting the stock the mm's?
Holding Strong, holding Long
the answer is yes the mm's are selling shares that they dont own.therefore the pps is pushed down to the level that they sre at now.but at some point they are going to have to cover.that is when the big squeze happens.
Posts: 629 | From: new england | Registered: Feb 2005
| IP: Logged |
posted
now lets say that the os is 5 billion at the current pps that puts us somewhere around six months revs. and that doesnt include the assets that ican has.Still WAY undervalued
Posts: 629 | From: new england | Registered: Feb 2005
| IP: Logged |
posted
just got back on line again thank you leardron for your info its good to have you on our side. great post i wish i had some thing to add but you guys i think got it. questions and answers. i will see you in the morning
Posts: 6008 | From: phoenix az | Registered: Mar 2005
| IP: Logged |
posted
what will today have in store for all of us longs .it should be interesting my guess is either a big jump in price or a bit of consolidation between .0002-.0004 for a while then another run up to .0009.we shall see though.none of my shares are for sale until we break out of these levels.good luck to you all.i think it is possible to create a monster short squeeze if many of us hold on tight and refuse to sell at these levels.
-------------------- gotta know when to hold em and when to .......... Posts: 1525 | Registered: Mar 2005
| IP: Logged |
quote:Originally posted by WinsumLosesum: Can anyone confirm that if you put a GTC sell order in for, say, 0.99, that locks up your shares, so they can't be "borrowed"?
If so, this should serve as a reminder.
That's an interesting thought, I would like to know the answer. Anyone?
Posts: 1295 | From: New Jersey | Registered: Dec 2004
| IP: Logged |
quote:Originally posted by WinsumLosesum: Can anyone confirm that if you put a GTC sell order in for, say, 0.99, that locks up your shares, so they can't be "borrowed"?
If so, this should serve as a reminder.
To tell you the truth I am not sure anyone knows I have heard several scenerios. One is that they cannot use your shares to short the stock unless you put an order in because until you put an order in they have no idea how many shares you have to short against.
The other theory is that if you put a sell order out there that they cannot use those shares to borrow against because they have no idea when that order might be processed. In this theory though it only works if you put a realistic sell order in. If you put one in for say 50 cents, they know that the order isn't going to get filled in the near future so they just ignore it. You would almost have to put an order in for say .0004 or .0005 and keep a close eye on it. If they ask gets close to or on those values you simply cancel the order and put a new one in for one tick higher. Personally I like this idea because if everyone did this, they would see the huge orders out there and would try to move the price toward it. Remember the MMs purpose is to generate volume.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
| IP: Logged |
posted
If we all put sell orders in at .0004 or .0005 just to fool the MMs we would have to watch VERY close because if enough people did this the MMs would not be able to hold the price down without the ability to naked short. Its risky but it may work.
Posts: 1295 | From: New Jersey | Registered: Dec 2004
| IP: Logged |
posted
imho the only way to move this is to eliminate the float if there is still several billion shares out there for trading then that will kill the supply and demand that drives the pps so what im hoping for is large buying like yesterday a few day like that and the float will be dry and away we go,... again jmho
Posts: 629 | From: new england | Registered: Feb 2005
| IP: Logged |
posted
bmaxingout i think you have a point until yesturday and i saw all that volume i did not think this float was anywhere the size it most likely is. i think we need at least 2 more day like yesurday to make a good dent in it. but time will tell. glta go ican!
Posts: 6008 | From: phoenix az | Registered: Mar 2005
| IP: Logged |
posted
getting more mms on the bid at 2. There are now 2 mms on the bid at .0002.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
| IP: Logged |
posted
Good Morning all. Why is it that as soon as this stock picks up some volume, the price drops?
I have high hopes for ICAN over the next few days. Hopeful we will continue to see a trend where the buying continues to outpace the selling, leaving us with a significantly reduced float. Maybe we will see a breakout or something to that effect. I know that I have not been in the stock game as long as others, but ICAN stock that no matter what theory you subscribe to, (whether the stock is being diluted, NSS or whatever else is out there.) this stock does not seem to follow any standard mode of behavior except the one it has created for itself. With all the heart stopping action. We never know what is going to happen next.
Just throw this ditty out there, with the way how ICAN behaves, I can see the following happening. Ed, investor and others continue to buy ICAN at record volumes over the next few days. Reducing the float significantly. Then as rumor has it, at the end of June Ed ungags the T/A. And regardless if he was lying or not all along, at that point when it is ungaged the share structure is great. I can see after the great revelations and stuff the pps either drops or still refuses to move.
Question: I thought if you wrote a letter to your broker and told them you don't want you stocks borrowed or used for shorten, then they can't use it. And if they do they can be subjected to both criminal (because at that point it is no longer borrowing it is stealing) and civil liability (because they are in breach of contracts and such laws). Am I wrong?
-------------------- Life does not depend on money, but it makes it a whole lot better Posts: 8 | From: New York City | Registered: May 2005
| IP: Logged |
posted
Yes, I did. I am sure about the legal remedies. However, what I am not sure about is Securities regulations and whether writing a broker about not using your stock in such a manor is enough or if more has to be done.
-------------------- Life does not depend on money, but it makes it a whole lot better Posts: 8 | From: New York City | Registered: May 2005
| IP: Logged |
posted
miss lesley,im not surebut i beleive that the only way that the brokers cant borrow your shares is if you have them in cert form otherwise they need to return the "borrowed" shares in three working days,not sure but ithink that is the way it works
Posts: 629 | From: new england | Registered: Feb 2005
| IP: Logged |
quote:Originally posted by Miss Lesley: Good Morning all. Why is it that as soon as this stock picks up some volume, the price drops?
I have high hopes for ICAN over the next few days. Hopeful we will continue to see a trend where the buying continues to outpace the selling, leaving us with a significantly reduced float. Maybe we will see a breakout or something to that effect. I know that I have not been in the stock game as long as others, but ICAN stock that no matter what theory you subscribe to, (whether the stock is being diluted, NSS or whatever else is out there.) this stock does not seem to follow any standard mode of behavior except the one it has created for itself. With all the heart stopping action. We never know what is going to happen next.
Just throw this ditty out there, with the way how ICAN behaves, I can see the following happening. Ed, investor and others continue to buy ICAN at record volumes over the next few days. Reducing the float significantly. Then as rumor has it, at the end of June Ed ungags the T/A. And regardless if he was lying or not all along, at that point when it is ungaged the share structure is great. I can see after the great revelations and stuff the pps either drops or still refuses to move.
Question: I thought if you wrote a letter to your broker and told them you don't want you stocks borrowed or used for shorten, then they can't use it. And if they do they can be subjected to both criminal (because at that point it is no longer borrowing it is stealing) and civil liability (because they are in breach of contracts and such laws). Am I wrong?
Your exactly right, it isn't legal but they do it anyway because they depend on two thing. One is that the CEOs in these pink sheets are mostly crooks and are dumping at the same time they are shorting it. They then do a reverse split and start all over again. They also depend on the fact that legitimate CEOs at this level do not have the resources to fight them in court to prove they are naked shorting it.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
| IP: Logged |
posted
The mm's can short continuously because the settlement rules allow them to. The CEO's can increase the float at will and are not required to commit to a number until they are governed by a reputable exchange. When it comes to money everybody has their hand in your pocket. The SEC is slowly coming to terms with the storm that NSS is causing because they don't have the resources to resolve it and they also have too many brokerage houses on the board. Bush wants to privatize social security and CEO's/MM's will be to take their money, literally. The increased access and speed of electronic trading has left the SEC unable to come to terms with the illegalities it has enabled.
-------------------- Just the facts, ma'am. Posts: 1083 | From: New Jersey | Registered: Mar 2005
| IP: Logged |
quote:Originally posted by 4Tune4Me: The mm's can short continuously because the settlement rules allow them to. The CEO's can increase the float at will and are not required to commit to a number until they are governed by a reputable exchange. When it comes to money everybody has their hand in your pocket. The SEC is slowly coming to terms with the storm that NSS is causing because they don't have the resources to resolve it and they also have too many brokerage houses on the board. Bush wants to privatize social security and CEO's/MM's will be to take their money, literally. The increased access and speed of electronic trading has left the SEC unable to come to terms with the illegalities it has enabled.
Great explaination. Just an FYI that all the trading today has been buys so far. When the 2's went through, the ask was at 2. Also they only MM that kept dropping to 2 on the Ask was HDSN. HDSN is the MM that Ed is using to do his buyback so this totally makes sense. I still think Ed is buying like a mad man at these prices and this is going to ungag the TA at the end of the month and retire all those shares he bought back to bring the structure back into line.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
| IP: Logged |
posted
I only paid .0002 for the stock so I did make a 30.00 gain by selling. It was only and experiment. I am holding on to the rest and will put in another buy at .0002. We will see what happens.
-------------------- Lookin for the money Posts: 353 | From: CA | Registered: Apr 2005
| IP: Logged |
quote:Originally posted by farmgirl: I only paid .0002 for the stock so I did make a 30.00 gain by selling. It was only and experiment. I am holding on to the rest and will put in another buy at .0002. We will see what happens.
That's nutz. Man they must be desparate for shares. We noticed the as soon as you sold, Hdsn dropped to 2 to stop more.
Posts: 1006 | From: Camp Hill, PA, USA | Registered: Mar 2004
| IP: Logged |
posted
I was lucky. With the volume lately I would not be suprised if someone is just short and needs whatever they can get. I had the sell in for 1 million shares and stepped away from the computer and 500K had sold. I did not think it would happen but I pulled the sell for the other 500K if they are that willing to buy at .0003 they will soon buy at more.
-------------------- Lookin for the money Posts: 353 | From: CA | Registered: Apr 2005
| IP: Logged |
posted
My sell is for 3,333,334 shares but it can be sold in parts. I do not have it in as all or nothing.
Posts: 5 | From: Las Vegas, NV | Registered: May 2005
| IP: Logged |
Topic Closed
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
