Think shorts let you run a bit and covered a few shares in the process. Don't get giddy. As soon as volume drops off, they will take you down. Fundamentals mean nothing as long as you got shorts hanging all over your company. Trade the range. The second this starts to drop again sell half your shares and buy them back a buck cheaper in two weeks. Have the shorts pay your mortgage while you wait for real catalyst. These guys wash and repeat.
You can see that its got some people worried. A few people trying to front run what they see to be a sell off coming when the secondary holders liquidate. Except there is no volume. Secondary holders are clearly not selling (at least yet). Stock is going down on low volume so it doesn't take much selling to bring it down right now. I'd like to see more volume, but everything actually looks fine. At least we're not being shorted. That is a plague I wish on no man. Watching and waiting for now. If the company continues to execute, we will get there.
Wow! These guys paint the strangest charts I've ever see. I really wish the tutes would send in some quant support to out-quant the quants. I would love to see them fight it out with some big boys for a change. They think they're hot shi$ because they can take out retail stop losses. Can't wait for the day some big institutional shareholder of SGYP decides to put a team on this and average down. Imagine how good it would feel to have someone ram it up three cents right after they bring it down two. Our day is coming, just not here yet.
Knew this post spelled trouble.
It would just be rude not to welcome you after calling out my name. Welcome. Great group of longs here. And you hate Ding too. You clearly have all the credentials to be certified SGYP long.
A12, hit the nail on the head. Usually Ocean has the funny line, but you take it today.
Your a brave man aany. All I know is the closer we get to $4.80 we get, the more uncertain things become. Maybe I'm paranoid, but I kind of equate the shorts with resistance. That said, hope we have a good day.
Ding just made a Freudian slip. For the manipulating short quants the bid price is the sell price and the ask the sell price. Ding we don't have Crays and and can't stack the Bid and Ask like you can.
My exuberance in the recent rally is only tempered by the many times I have seen the share price climb and be hammered shortly thereafter. There was no volume down at $4. Anyway, just sayin, "Won't get fooled again." They're still here and still trapped. They have yet to commit seppuku. That will come later. Time to calmly put on you bullet proof vests gentlemen, I think. War is coming. Remember, we haven't seen $5 in a long, long time. Also, I think they have actually managed to bring their basis down to .4.70. Just an educated guess based on the recent trading. Am I supposed to believe this time is different?
Ding, short interest is a published number. Why would anyone listen to you when we can just look it up. Short interest still about eight million. Ergo, you lie. But I understand, I wouldn't be announcing I'm trapped short if I were you either. But you are, and we know it. Good luck.
Apart from bringing the stock down by selling shares to yourself, nothing much you guys are doing now makes sense to me. Good luck.
The twenty three thumbs up gave you away as a spammer. Wow! That might be a record for aliases. If your program can beat short quants, I'm buying.
Agree. Didn't give the news enough weight earlier in the day. People wanted to know the money was stil there, and phase III CIC was actually happening. Still a little disconcerting that we went so far on so little volume. I've been lulled into wishful thinking by these guys before. I am now a confirmed cynic. Here's to onward and upward. Where is the logic in bringing the stock down to $4, not covering a share, then watching it slowly drift up to $4.50 on low volume? Oh well. Just one more thing I don't understand.
Now you're getting it. They buy their own shares at a lower price to bring you down. It cost money to do this, so there are limits to what makes sense for them by way of bringing it down. But if this stock were suddenly to run, and trap them above their basis, don't wonder what will happen next. Try to figure out what their basis is in the stock then you can establish the trading range they will allow you to be in. Once you figure this out, trade the range, until the company finally breaks free of them and breaks out.
Between you and Beton, gotta say I think you guys are right. Didn't think it was all shorts but thought they were covering a few shares. Light volume, why did they let it run? Oh I do remember a few times they let it do this and dropped it in days. I also think that sometimes when Ding says they're "gonna let it run," it means they're going to do a little covering. Either way we see what happens to the share price when it's not pounded down.
Ding I think you're doing the right thing here! Covering a few hundred thousands shares is a start. The Chinese have a saying that a journey of 10,000 miles begins with a single step. How does this apply to you guys? Well if you translate miles into short shares it reads something like, "If you have the unimaginable task of having to unload 8 million short shares, it begins buy selling your first share." I know that you have a long arduous journey ahead of you and that there will be much pain suffered along the way. But you guys will make it. Remember the important part is staying alive. Who cares if you you lose you house, car and family, you can always start again. At 15 cents up for every 200K shares covered, the math is not quite working out for me. But I'm just retail.
Typical short pattern today on your chart. Brought you down early, caped you during the day on light volume, then threw shares at the close to keep it down and sap confidence for tomorrow morning. Your company is undervalued right now. By the way, Linzmess is a SCMP troll. Just ignore him
Yeah, with this king of volume, I'm surprised they can pay you. If it gets down to you or the margin fees, well,..I'll miss you.
For all their admittedly prodigious trading skills in bringing the stock down, they seem to be bereft of trading talent when it comes to covering. The minute they sell a share the stock skyrockets. If they could find some talent, I think it would help all of here.