This stock is dying to move higher but the company just keeps pounding the sell button. There's just no letup. Would be nice if they'd leave the stock alone for awhile after the Jeffries conference this afternoon.
They set it up perfectly yesterday with a rumor about the airline industry and today admitted nothing will come of it. What a setup of astronomic proportions.
Watch for the news.
There's no way this news should have only produced a $.20 or so runup. A legitimate company would have been up $1 or more on news like this. I heard these execs are shady so I wonder what that meant.
One has to wonder about this management team given the way the stock traded. Are they shorting their own stock?
freddy, you don't think a legitimate company with legitimate execs would only be up $.30 on news like this, do you? If so, I have a bridge I'll sell you. Come on, someone was shorting this hard with enormous confidence. Only one group can do that without having to worry, and that's the company. They know what's going on. It's just an opinion, but I'm usually right.
What, are you stupid???? They just did financing last month. Go cry wolf to someone else. They just did a round of financing and they'll have revenue soon and government money. This company doesn't need to raise cash.
Over the past several days, all the big volume has been buys. Someone is currently bidding for 144,000 shares, which is well over a half million dollars. Someone thinks this is going much higher.
You are correct sometimes. However, in this case, they left the bid up there for almost an hour so far. This is not a spoof.
oh, well isn't that amazing that you know the MM wants to do a naked short. Why would he even need to do that? LOL....you sound pretty desperate. Learn how the market works.
That's what may have caused the spike. Just think where it goes when the actual news hits.
You don't think someone might be loading up before major news hits, do you? I guess big investors would never do that. This is certainly retail investors that accumulated almost 4 million shares today.
Taking a profit is great. However, your logic might be the dumbest thing I've ever read on these boards. You think the company is selling stock, but the price is going up. You're waiting until they are done selling to buy again. So if they are selling and the price is going up, what in the world do you think is going to happen when the selling pressure is gone? If you made sense you might have fooled some people into thinking you aren't actually a short, but it's pretty clear. And by the way, was that an email the company sent you to tell you they're selling stock? lolol....unreal
If you are shorting a stock, you should do some research on it. They just did an offering for 4 million shares three weeks ago. Had you known that, you wouldn't be shocked that there's actually 19 million shares. Nobody is converting warrants as they're restricted and can't even be converted for quite some time. Read up on your stocks before you short them. You would have saved some money by avoiding this one. It's annoying when you short a good company and the stock keeps going up, isn't it?
They will need cash to upgrade the plant. However, that will come with revenues. I'm just curious what you will do when this news comes that's driving the stock. Are you going to short more once the military or Virgin Airlines deal is announced?
lol...this poster is hilarious. The price will go down when the selling stops? That's stuff I've never heard before. He also says the MMs are playing with retail investors. I've never seen retail investors buy 100K blocks of stocks
They cannot afford to let momentum take this higher into the close. They have been throwing everything they have at the stock to keep it below 4. They know that with this kind of volume, if it runs into the close we probably see $5 quickly tomorrow and then things get ugly for them.