Friday was a classic "let it ride" feel good session for the shorts. They let it ride up a day or so to encourage more investing in an attempt to add more short shares at a higher price. But I won't because most people won't believe it anyway. Never mind
Big Jake, mann is probably on steroids and is roid raging right now. I know you were talking to me and I like your whimsical attempt at humor. I would love a short squeeze but it won't happen. Too many people know too many things too far in advance to allow that to happen. When was the last time a real surprise came out and allowed a true short squeeze to happen. I've never really seen one that I was involved in.
They will not be laughing when they hear they just lost 90% of their shares on the 1:10 REVERSE SPLIT.
Everyone knows the mutual funds will not and cannot invest in stocks that are less than $5. The post split price will never reach that therefore your point is invalid. Sorry to be the bearer of ill tidings but you done have a loser on your hands their son.
He just told you "CELL SUPER CELL SUPER PIGG SURE BAGAS". Don't you speak Korean?
I won't and it won't. This must be your first reverse split. They are the final kiss of death to a stock before delisting and eventually going bankrupt. The share price will go to over $4 but the shares get cut by 90%. The shorts will feast on the remaining shares bringing them back down to $1 again real quick (post split) which means 99% of the stock value will be gone. This is why the short stay in the game until the end. There will always be more to short. You can think there will be a pop or news but at this point, I would highly bet against it. Take it down to the end because that's where it's going fast.
I'll give you your due about the rally continuing today however, I think it was all due to the great jobs number IMHO.
Take a look back at July 10, 2014. That's the last time they initiated a Buy and no news since. This one was bogus to move the stock higher a bit to allow shorts to open new positions at a higher price. Wait until the open today to see how much of that pop gets take right back. It's a game man, it's a game.
Still waiting for the upgrades? Who in their right mind will upgrade a stock that's stuck in a trading range? Until real revenue starts coming in for several quarters, there is no reason to raise the price.
I am a negative person when it comes to stocks because of the way they are manipulated. Even though I am a true long term investor I like to make money every day. If I don't, I get angry and need to eat a snickers to calm down. So many people just say wait it will get better. Some day we will all be out of time and those same longs will still be waiting.
I just stated that 10 hours ago. Do you like copying other people's comments as your own?
Maxim issued a BUY back in July/14. If this stock is so good, whey did they need to "initiate" AGAIN two years later? Huh. Why not just raise their target or better yet, change their rating to a "Strong Buy". Riddle me that batman.
The Michigan announcement came out yesterday and Maxim's initiation of coverage is bogus. They did the same thing back on 10 July 14 and hasn't changed but for people that don't look back that far, it seems like a big deal. It's not. Coverage and price targets mean nothing long term. They are guesses at best. Look at VVUS, they have a 1 year target of over $7 and they have been between $1 - $1.25 for over a year. Get it. It sparks some buying so the MM can make their quota of commissions and it overinflates the PPS so the shorts can take it down tomorrow, which creates for commissions for the MM. They gat two days of activity when the market was willing to just wait. The Maxim coverage will be forgotten about by next Monday. The gain from today will evaporate between 11:00 - 4:00 tomorrow.
mgm knows that. That's just they way he tries to tilt things in the favor in which he wants people to look at them. You will learn his game soon enough. If I trump that Bid with 5000 shares at $4.85, he would say the same thing and still no sellers.
I basically said the same exact thing on July 1st but I didn't need all that #$%$ about options to explain it. Just say what you need to say and don't try to explain stuff that most of the people don't understand anyway. Not many retail investors trade options.