posted
According to yahoo.com the float is 3.89 million and O/S is 13 million. Trading at .015 that's under $60,000 for the total float. Pinksheets.com also shows total shares of around 13 million, so I think the yahoo number is correct.
This is how low the float is: There were 5 MMs asking .015. I bought $500 worth, and it went through all 5 of them. Ask is now .016
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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When I looked at this, the MMs were lined up as follows:
5x.015 1x.016 1x.04
My $500 buy at .015 went through all 5 MMs, and since then, 260,000 shares have traded at .016, and the 1 MM there hasn't moved, plus another few have hopped on. L2s now look like this:
2x.016 1x.017 1x.019 1x.02 1x.03 1x.04
So it's still pretty thin on the way up. Plus it was trading at over .04 just a couple of weeks ago. Should be good for a nice little pop with some more volume.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Well, the float is very, very low, so it can make big moves on low volume. Other than that, nothing is really "special" about it, but I'd love for you to show me an OTC or pink sheet stock that IS special.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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quote:Originally posted by PCola77: Well, the float is very, very low, so it can make big moves on low volume. Other than that, nothing is really "special" about it, but I'd love for you to show me an OTC or pink sheet stock that IS special.
try WWEN (good fundamentals), sljb...
-------------------- To reach hill top start from the top Posts: 461 | Registered: Jul 2006
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posted
Exactly. I don't think many people here look for "special" stocks. Most play momentum and news.
Personally, I play low float stocks and the last 2 that I posted each went up more than 50%.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
PCola, what made you decide to buy in today? Last week this was .009........but then again, it was also up to .040 just before that.
Posts: 725 | From: litte rock AR | Registered: Oct 2005
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posted
I found it over the weekend when I run some programs to look for low floats. Wish I woulda saw it last week when it was .01 But I still think it will go up fairly significantly from .015 or I woulnd't have bought.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Okay, over a million shares have now traded, almost all of which at .016, and Nite still won't come off the .016 ask. This is definitely being held back. You can't even think that someone loaded up last week at .01 and is selling now, because there wasn't anywhere near a million shares traded in the last two weeks COMBINED.
When we get through .016 this should go nuts.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Sweet. I just had a 10000 share and a 2500 share buy * .016 just go through and it made the ask go to .017.
Posts: 725 | From: litte rock AR | Registered: Oct 2005
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posted
Thanks greenman. I was in a meeting for like 15 minutes with my boss, and all i could think of was, "Screw it, I'm gonna buy a bunch more when I get back to my desk to see if I can bust this thing through .016."
Now what was it that my boss said?... Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Ask is now .018. Hope the interest stays high into the close and tomorrow.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Nearly 1/3 of the float was traded yesterday. This looks good with any kind of volume today.
Posts: 2309 | From: Minnesota | Registered: Feb 2006
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posted
LOL. 2 little 5000 share "sells" go through and 2 MMs drop off the bid. Can you say MM games?
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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Exactly. I don't think many people here look for "special" stocks. Most play momentum and news.
