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again, i am looking for a doji or a long white candle for probable bounce confirmation! watch, dont know if it will happen today or tomorrow but fairly soon
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quote:Originally posted by kermit42: Right now it's a great flipping stock. You can make money and suck shares from the shorters.
BUT...I use ATD so I'm afraid to sell. If I can't buy back in then I'm hanging on to my shares. Hopefully there are enough people like me out there that the brokers' tactic will backfire.
thats exactly my dilema I wanted to sell last week but I know somethings up.."restricting BUYING?" somethings up....it would be silly to sell now now to flip when all the signs are showing that the brokers want this stuff back as cheap as possible. if this were a "CRAP" stock then the brokers wouldnt care about shorting it and would sell all that we wanted to buy at this point like they have before, but "oh crap" they say, PAIM is actually gonna fly.... so I would suggest holding for a long time to come, DONT screw yourselfs out of some easy money dont sell till you have made a nice chunk of $$$
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was tryn to see some here at .0025 so I could buy another stock and can u believe they actually sold a block of 1144 shares. lol thats like less then $3. wierd!
PS, still keeping over half my investment here guys till at least .005. Dont want anyone to think Im bailing, just needed to free some cash.
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quote:Originally posted by Chad: also noticed the spreads are odd today. seen ask at .0025 while stock was at .0021. All I can think is brokerages and MM's know more then I and have something cooking Im sure.
This has been trading CRAZY for the past week! Just came across this and thought it was an interesting read since it fits the trading pattern here, whether it applies here or not:
IMPORTANT Some ways MM's entice sellers: 1. Run the stock up with a "tight spread" in a fast market, then "open" up the spread to slow down the buying interest. After it has "cooled off" for a little while lower the offer below the last trade right after a small piece trades on the offer then tighten the spread so that the sellers feel they can take a "quick profit" by "hitting the bid" on the tight spread. Once the selling starts the MM's will walk it down quickly by only making small prints on the way down with the tight spread.
2. Another way is by running the stock up in the morning, averaging up their short then use the above technique to walk it down in the afternoon. Hopefully, after doing this for several days, it will demoralize the buyers. The volume will dry up and the sellers will materialize thinking that the game is over. Contrary to popular opinion, MM usually Do Not Cover in Fast moving markets either Up or Down if they are short. They Short More. They usually try to cover after the frenzy is out of the market. There are many other techniques they use but the above are the most popular. These techniques work about 9 times out of 10 particularly in a BB market. However, that is because 9 out of 10 BB stocks are BS. Remember what I said above. Most MM's don't have a clue as to the value of a Company until they get trapped.
look at USXP a few months ago....did the exact same thing.....shorted big time
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Ray, so how did it work out for USXP? did it finally take off. If so, how long did it take to go? I remember hearing about it, never researched though.
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man, I cant figure MMs out. I've had a sell order for some shares at .0025 for awhile now and barly sold any.....and its been over that price for some time now. U think they'd take my shares. lol
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quote:Originally posted by Chad: Ray, so how did it work out for USXP? did it finally take off. If so, how long did it take to go? I remember hearing about it, never researched though.
I bought USXP*.0005 and it took a few weeks but it flew to .005 within a couple days then it fell way down into the teens again and stayed there for about a week then it took off again to the tune of about .04 ....I left it at .005 I fell victom to the MM games as posted above...I made $$ but missed out on ALOT more
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quote:Originally posted by Chad: man, I cant figure MMs out. I've had a sell order for some shares at .0025 for awhile now and barly sold any.....and its been over that price for some time now. U think they'd take my shares. lol
DO you have it set to All or None?
-------------------- Now We Movin On Up!!
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quote:Originally posted by Chad: man, I cant figure MMs out. I've had a sell order for some shares at .0025 for awhile now and barly sold any.....and its been over that price for some time now. U think they'd take my shares. lol
well since the BID is only at .0024 your shares wont sell until the bid reaches .0025
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ya, I know...just think its wierd theyve sat at that bid forever now. Even though its at 27. figured theyd nab my shares at 25. oh well, its been selling little portions so far.
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have you been getting "partial" fills on your order...if so cancel your order cause you are gonna get raped for a commission for every transaction
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Did USXP go up due to shorted shares? I got in USXP at .005 and saw it rise to .04...this was due to the superbowl promo and the so-called "Mideast Funds", nothing to do with shorted shares.
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quote:Originally posted by megahead34: Did USXP go up due to shorted shares? I got in USXP at .005 and saw it rise to .04...this was due to the superbowl promo and the so-called "Mideast Funds", nothing to do with shorted shares.
usxp was shorted just as much if not worse than PAIM .....USXP was a shorted shell just like PAIM not having anything to do with gold....USXP did not climb because they were making money it was a huge short squeeze....wich I predict is going to happen here....we are all embarking on a new era of trading....micro pennies are being shorted on such a large scale and the SEC is cracking down...and that is good for all of us inocent SHORT share holders. USXP like PAIM issued a press release about a lawsuit against an "unknown" company wich was naked shorting"...although PAIM has not talked about a lawsuit...they did issue a press release of an investigation into the shorting of their shares at thier own expense.......it seems to be working! "blow the whistle on shorting", force a squeeze, everyone makes money
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quote:Originally posted by megahead34: Did USXP go up due to shorted shares? I got in USXP at .005 and saw it rise to .04...this was due to the superbowl promo and the so-called "Mideast Funds", nothing to do with shorted shares.
if their "increase in revenue" like the "press releases" were truly causing the rise in share value...then they would still be at .04 right now. look at blue chips....when they go up ...they stay up...because they are making money....
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I personaly think that this is like a twin to usxp based on its activity and MM moves and within the next week or two it should take off for sure but the exit point is going to be sticky because we all have to keep in mind the "buying restriction", so its like once youre out YOURE OUT, and I think the MM are suspecting that some of us are picking up on this trend and by restricting the buying is the only sure way to combat their losses
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quote:Originally posted by Chad: ya, I know...just think its wierd theyve sat at that bid forever now. Even though its at 27. figured theyd nab my shares at 25. oh well, its been selling little portions so far.
Chad I just sold 600k shares at .0026 15 minutes ago. Set your order for AON (All or None). They'll take it
-------------------- Now We Movin On Up!!
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when in the hell is this supposed to be "let go" to go up above the 30s...do we even know if the brokerages and the MMs filled what they needed to cover their sh1t cuz this is the most boring sight in addition to CKYS
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well, they're really messing with the bid/ask now. ask had been between 24 and 27 most of day and bid was at 24 most of day. then, they just drop the bid to 21, even though the price goes from 23 to 26. Odd!
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