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If you don't have Level 2s ASK someone for them. Here's what's goign on. MMs sell 100 shares at bid, peope without L2s see someone selling and they panic and sell theyr 10,000 shares at the bid. then MMs sell another 100 even lower and the cycle continues. Don't fall for their games. A 100 share sell is under $20!!! Don't believe for a second that a real person is doing that.
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Well, just don't panic and sell if you see a down tick. That's all I was saying (not really speicifically talking to you, but anyone who doenst' have L2s)
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PCola77, where is the best place to get Level 2? I had it via Etrade a while back, but it was highway robbery with them. Any suggestions?
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I would not advise buying at these levels unless you have lottery money to play !!! AT 0.10 levels good, at 0.20 levels not good...
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Never chase a rally, only get in at 52-week low. This stock has a history of dilution and R/S. I played this stock on the day of R/S -- got a 4 bagger and ran. Remember that all otc stocks are for gamble only -- take your profit and run.
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Here is what I would say, and what I've been saying all along. Throw a few bucks at it that yoiu wouldn't be heartbroken if you lost.
This is now trading at .19. It was trading at .0001 pre-split. After the split it should have been trading at .50.
Partially because of the reverse merger that was announced today, there are a few things that IMO will push this MUCH MUCH higher.
1) Reverse merge and CUSIP change means certs are being called, which means shorts must cover (as opposed to other times when they can just out-wait the longs)
2) CEO is having a NOBO pulled, which shows the number of shares that are owned, and buy who. If it turns out that 5 million are owned, when the float is 2.8 million, he will post that in a PR which will publicize the fact.
3) The CSHD CEO did the same thing, and the stock went from under a dollar to a high of $4.00 today
4) CSHD has a float of ove 30million, or almost 11 times the float of AWYB, so it didn't move as quickly as AWYB should.
5) CSHD was short at about 2x the float. If AWYB is any more than 5.6 million short (and people are estimating 20-30million short), this will only exacerbate the situation.
there is, of course downside risk. The CEO may dilute, or do another reverse split. Howver if you were him, would you dilute now, or wait for the inevitabel short squeeze, of you were planning to do it at all? Doesn;t seem like there's much upside to doing it now, IMO.
Anyway, I think this is gonna go nuts, much more than it already has.
All of this is my opinion, of course, but there are tons of stocks out there that people play that have much lower potential, and far greater downsides.
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September 28, 2006 American Way Delivers Warning to Short Sellers Well, as predicted in yesterday's **** post, American Way Business Development (OTC: AWYB) delivered on its promise by issuing a press release today announcing the completion of a transaction with an entertainment company which it now plans to operate under. AWYB is also expected to change its CUSIP symbol. Don Platten, President of AWYB states that there is "tremendous upside in this business." More importantly, with the announcement, Platten also fired a shot to suspected short sellers, saying that “those persons heretofore short selling AWYB's stock will be in a serious dilemma once the stock certificates are called.” Shares of the stock have nearly doubled today, closing in on a new intraday high at $.21 on volume of 5.3 million shares. Oddly enough, there are only 2.8 million free trading shares in the public float of AWYB.
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