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I wasn't paying attention, were there a lot of sells? If so, the PPS didn't reflect it. Onward and upward Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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By the way, the entire float (2.8 mil) has now been traded today, which it has done I think 7 of the 10 days or so since the reverse split. It's fairly obvious that a big short position still exists. Remember that when the PAIV position had finally been covered, volume dried to probably 5% of float or less, because retail traders were trading with retail traders, and that was it. The big boys are still in this one.
I'm not going to say what I want to say due to supersticion, but if the CEO does release a pre-market PR tomorrow about a reverse merger, this could open significantly higher than today's close. Please feel free to put 2 and 2 together for yourself Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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Let's See that news !!! This should hit the roof if he releases the R/M details this AM!! IMO
Posts: 957 | From: grand rapids, MI | Registered: Feb 2006
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No news pre-market. Also, don't forget that the Short report is released today after the close, so that should confirm the huge short position (although the broker mix-up happened on the 12th, which is the day the short report is calculated, so I'm not 100% sure if it includes that day's transacations or not, and I'm not sure if brokers knew at that point that they were really short, and so they may not have reported it. Should be interesting either way).
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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Well, here's a quick update. Short report came out last night, and clamed that there were only 4704 share shorted in AWYB. I called the NASD this morning and explained the situation (average daily volume for the last 12 days is over 5 million, 32 million traded on the reverse split day, float of only 2.8 million, ihubbers holding most if not more than the float) and the woman that I spoke with conceded that the number could be wrong in this situation due to the fact that the reverse split occurred on the day that the report is "as of" and also that some brokers may not have realized that they were short when they submitted their data.
I expected a big selloff this morning due to the short report, and virtually no one has sold. This is a VERY positive sign, IMO.
Alos, apparently some people have heard from the CEO stating that a reverse merger was completed late Monday night, and in his words "it is much bigger than I thought". (I am quoting e-mails from other people, so take it FWIW), and that a PR about the reverse merger should now be issued on Thursday (he originally said Monday or Tuesday, but apparently the negotiations went on late into the night on Monday.)
Obviously it's hard to take anythign as fact if it's based on posts and supposed e-mails, but as I've been saying, based on PAIV going up almost 7000% after the initial 1 month lull, this could make you some huge cash if you throw a few bucks at it.
Good luck.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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Looking at the action in the last few days, this thing wants to cross 0.11/0/.12 levels soon. It comes back to 0.11 from 0.09 from time to time...
Posts: 1134 | Registered: Apr 2003
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Based on 1:5000 reverse split, it has potential of 0.50 cents. I will take between 1/3 and 1/2 of that - 0.20 to 0.25 cents !!!
Posts: 1134 | Registered: Apr 2003
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bksundar. Like you said reverse split price puts this at 50 cents. A lot of people own and are holding a LOT of shares. Substantially more than the 2.8 million float. I've got almost 80K shares now and am not letting any go for a while.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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sweet good job BK, i only made $400 so far but that was in 3 min lol so i will take it, but yeah i think thi is going higher here real soon, so i still have half and plus i have the reverse split shares from when it way ABVB or whatever it was before lol
-------------------- please dont trade stocks on my alerts, do your dd first. Posts: 5265 | From: Alberta | Registered: Jan 2006
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Well, most people ignore threads with 6 pages, so I figured I'd alert some people. Not trying to be a pumper, because this doesn't need it, just want to share the wealth with my fellow all*********s
quote:Originally posted by bksundar: I see that you have started another thread in excitement !!!!
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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BK, here's what I would do if I were you honestly. Take whatever you put in, and put a sell order to make that amount at like .19 or .20 (don't sell at the bid though, causes panic selling sometimes)
And let the rest ride. At that point, even if it "crashes" back to like 10 cents, you made 10 cents time your number of shares.
I am personally letting all 80K shares ride. Like I said, put in only what you feel comfortable losing, and let it ride. But take profits as you get nervous.
I have a slel order in for $15 a share, but doubt it'll get that high. CSHD had a squeeze play the last couple of days and went up to over $3 today. This has way less flaot and way more shorts, so I honestly think it can get way above that. We'll see though.
Good luck to us all
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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the best is if you look at the charts, MMs are trying their damndest to shake people, and the "shakes" are getting them maybe a penny, and just for the short term, then it goes up again. Been doing that for days.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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