posted
this will move quickly this afternoon imo, whos ready to make some money next week? I know i am after yesterday
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
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posted
500 signal at 41, ok im out again guys be back in a couple hours
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
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posted
Well than -- what a wonderful little "secret" we now know about... Buy em up before it gets out Posts: 797 | From: Phoenix | Registered: Jul 2005
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I have started a new thread to update the first page on the upcoming results and hopefully get us some exposure on Allstocks. I suggest we move this thread to
posted
Don't forget OxyAlert will be on the market by the start of next year. OxyAlert will be a huge revenue generator.
Posts: 1468 | Registered: Jul 2005
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Is there anyplace with info on the o/s and float? Or is everyone in the dark about that?
Posts: 412 | From: NYC | Registered: Aug 2005
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posted
The CEO said no more dilution, and I trust him on that. You can contact the company if you're unsure. Next week get ready for the big short squeeze. Been on the SHO list 85+ days now. I wish I can buy more of this stock here.
Posts: 1468 | Registered: Jul 2005
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quote:Originally posted by explorer186: The CEO said no more dilution, and I trust him on that. You can contact the company if you're unsure. Next week get ready for the big short squeeze. Been on the SHO list 85+ days now. I wish I can buy more of this stock here.
Exp -- let's move this to the new thread and get the news out dude!
Posts: 797 | From: Phoenix | Registered: Jul 2005
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By: ionlyeathippies 16 Sep 2005, 08:12 AM EDT Msg. 83418 of 83713 Jump to msg. # NAKED SHORTS SCARE
September 15, 2005 -- Traders in Nasdaq stocks are racing to beat a rumored regulatory deadline to close out their positions — or take huge losses as clearing firms do it for them.
Stock traders told The Post that Nasdaq stocks including Baidu.com, the Chinese Internet portal, and Foxhollow Technology Corp. experienced sharp spikes in stock price and volume recently as short-sellers scrambled to cover their positions.
On Sept. 6, Baidu closed at $77.80; Tuesday, it closed at $113.59. On Sept. 6, Foxhollow was $43.91; on the Sept. 9, it closed at $47.96.
Naked short sales are trades executed without borrowing stock beforehand. Naked short sellers can overwhelm an orderly trading market, since unlike traditional short sellers, there is technically no limit to how much stock can be sold short illegally.
Naked shorting was always a violation of established trading practice, and in January the National Association of Securities Dealers instituted a rule — Regulation SHO — to eliminate the practice.
A day trader active in numerous Nasdaq stocks, including Baidu and Foxhollow, said a rumor of mandatory buy-ins had been circulating on Internet bulletin boards for days. The Post reported recently that the NASD and numerous state securities regulators, led by Ralph Lambiase of Connecticut's Division of Securities and Business Investments, have vowed to increase scrutiny of naked short sales.
A buy-in is the worst possible development for a short-seller, since he has to accept any price given. "Ninety-five percent of those rumors are fiction put out by people long on the stock, but price and volume action don't lie," said this trader. "Any stock for sale was gobbled up, regardless of price."
The NASD circulates a daily list of stocks — termed the Threshold List — from the New York Stock Exchange and Nasdaq with a certain percentage of their trading volume failing to match up.
Tom Ronk, the chief executive of **********, which offers software to take advantage of so-called short squeezes, said stocks with large naked short positions for two weeks often start to increase in price.
He said after 15 days on the Regulation SHO list, firms must buy in their clients or face fines or the suspension of their licenses.
As an example, Ronk pointed to Catuity Inc., which had been added to the NASD's Naked Short List on May 2 at $4.53 and jumped to $22.58 by May 9, closing yesterday at $15.40.
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