The HFT program is selling the shares in obtained yesterday in the 2.40's today in the 2.50's. It ups the bid in increments of 100's then sells them in odd lots in the hundreds and thousands..
Well I have to agree to a certain extent. The price is definitely controlled by the HFT program. Today they like the 244 to 247 trading range, which is probably where they programmed it. Not sure about the 5.6 million shares, didn't they trade above this range? Anyway, the HFT program is called manipulation in my book. Just need to trade my trading shares and not keep holding them.
I'm not sure, but truthfully in this market which has been in such a downfall, I wouldn't release any news either. Muted effect at best.
Im still holding all my ONVO core and trading shares. I think we would have been over 4 this week if not for the Hillary comment. Anyway, Do any longs here have any experience with PFF. I own a small position and am waiting to add more on a drop. Problem is, it never really drops. IT is an ETF of preferred stocks and pays a good dividend. Just can't find much wrong with it, Except for the flash crash about a month ago when all the ETF's had to sell to meet the demands, it hasn't really moved much at all. Even that day, it bounced back after the panic.
in the last 7 or 8 years, do we have any long term holders that have experience with this fund in an increasing rate environment. If in fact the Fed does decide to up rates (who knows). F and C management states that the fixed to float feature of most of the funds holdings, reduces the impact of rising interest rates, but I don't have any experience with that. Anybody have any insights? TIA
crashing. Picked up some more ZIOP, and got a bid in for some more ABEO. Tempting to get some more here, but I need to see some upward movement before I do.
The company doesn't care about the share price going lower at this point. As they build their employee base, and part of the salary package is stock options, the more shares they will accumulate cheaply. As the company grows and the revenues increase, the more money the employess will make. This view shows a confident stance by management of the products and business plan. After all, they are hiring a bunch of quality people. Just as DL stated in a post, quality hires don't board the Titanic.
wants this to go once it kicks in. Unfortunately, that is the reality, without great news. Low price, low float stocks can be totally controlled by them and they still make a killing either way. I don't think the earnings/conference call was bad, but not enough disclosed to be perceived as good either. So, until Murph decides to give us some good news, or sales actually kick in, then we remain in the same pattern.
So, basically they are accumulating the shares, using the HFT program to get a cheap price. And all along the way making a killing buying and selling. From what we have seen, it certainly appears that this is what is happening.
Actually, looks like somebody wanted in. Very good recovery today. I still wish I had sold last week above 28, but now I think I will just hold.
I hold a core long position, and I trade swing trades as the opportunity presents itself. All my swing trades are now under water. I came close to adding today in the low 3's, but decided to wait till after earnings. Because, if Murph doesn't have some good news, earnings or contracts, then we will dive into the 2's. A good question posed by another poster today asked why are we falling down here now, and not when we were a couple of years away from a commercial product, why didn't it fall to these prices then. I do see why Murph wanted to do another issuance, because just look how many employees we have now. But, I never expected the price to fall below that 4.25 secondary. I do believe that there are other forces manipulating the share price, but still worry that maybe it could be bad news. Also, I ignore the bashers and pumpers, but do feel that there are some decent posters here.