I am sure I will get some grief but I did get 700 and that's it at 4.61 again no fill but hey all in due time
I have had many thoughts recently about PLUG. How and why does this kind of thing happen?
To me, this kind of move is fools play for investing. But it shows us an extreme case of the manipulating power of parties in these markets. I don't think PLUG move is news driven it is 100 percent a set up. The major trigger points always happen around news because then it is tied to that for legitimizing the move. But, the move had nothing to do with the news. Obviously big moves around big earnings misses or beats I would consider as being legit.
Why I mention this is that I am a little perplexed with us going to 7.5 and almost back to 4.5 with a change in shorts of 300,000 plus minus during the $3 span in price. $3 300,000 that is incredible and tells me there is a big short and lots of little shorts. The big short made no move so what was the big short doing?z
So I have to think maybe they are manipulating the options markets? Any ideas on this anyone? I do not give the options markets enough of my time.
ZThe second thought that whipped through my bean head was maybe they, the big short hedge fund has been on the buy. Bought the secondary and then all the way to $7 up and down several times to $5 and now below.
The big short has not materially covered through all this.
So is a big Hedgie sitting on a huge long position with a 6 million short position to use as rocket fuel. You wonder how PLUG can happen. Will Mitek be next. Does anyone think they will tell the retail shorts? Will you get out after a $2 gain when it actually goes up to $20 more? If your short ten thousands shares at $7 and it goes to $14 you lose all your money. Understand it because it is important.
Like I say not sure it matters as we are hostage to an agenda not disclosed by ruthless people who suck you in and spit you out with reality having very little influence on the near term. Being right or wrong doesn't matter. These people call it momentum one way or the other when it's just Wall Street thugs beating the populace out of their hard earned money. No more no less.
I am not one of them types who know it all. I think though because it is important and thinking for me is free. So I try to think about the other side. What would it be like over there. I do not see how 6 million shorts make anything last year when the share price goes up start to finish and 6 million shorts remain on the books. Are they options hedged or long and short? There are many possibilities. Steve's I think that big money oftentimes takes low share price companies hostage and manipulates the snot out of them and real fundamentals are meaningless. It may even be bigger then small low cost shares.
We do not have a clue why the sell off but message boards try to assign the logic. I am not sure there is any. Just manipulating the next circle or cycle the stock goes in.
Look at the sell off for Ukraine OMG crashing that first day a few weeks ago. Now who cares and the situation may actually be worse. It's market fabrication by the big boys and bs artists like Cramer yap about the crystal ball. No one understands the markets....well of course the puppet master or masters surely understand why the puppet moves like it does. My biggest mystery is how and why does it seem that the puppet masters seem to have certain rights to certain puppets just like street gangs and their turf. I suspect it's much the same reasons and things get bloody when turf is taken over. Like Mitek, 6 million shorts , why does a big player not enter and shove it up their keister. Maybe that is what happens at PLUG. Maybe it happen here too.
I think it's better to sell 52000 shares at 6.85 and repurchase them from the same shorts at 4.65. Meanwhile they are shorter then ever. I might not be so buy happy except when it went to $7 there be still 6 million shorts. You be correct when they all cover we go on a moonshot. I think they lose money in 2013 start to finish. They trying hard to sell an illusion and I buy their illusion with cash. I might be wrong I might be right. If I sell 52000 at 6.85 then you know how much ammo I got for 4.65. This is my second big day of buying and no fill no fill. I think I take their ammo from their pockets and put in my pocket. A gift is a gift.
Bob did you hear that Orioles Bob. I filing Bob I filling. In a few weeks this level is a 52 week low. Stock screener ammo coming . Everyone loves finding the bargains. Bargain shoppers step right up. I can't believe the longs who saw $7 round trip it back here. Sell high buy low that's my advice and be patient. I think this week might be the last call for cheap shares. The shorts used the potential insider selling and margin players as free fuel not to mention any stop losses they mowed down.
The shorts here are formidable but still very short. I wouldn't own this except I think the shorts are in too deep. Buying more and more an more. I to say thank you very much. I to am not done. Keep going lower boys. That's right if you had level 2 you know I only got some and some didn't quite get to fill. But I got a good chunk on special discount short sale.
I have my eyes open that you may have an alias as Mr Orioles. Do you know Mr Orioles? Mr. Orioles hate Mitek and put Mitek down all the time. Mr Orioles disappear and Mr Bob Canterbury show up. Fishy business Mr Canterbury. This may mean no Canterbury day no Canterbury express and no Canterbury Cafe. We got the Orioles Trojan Horse with Bob Canterbury at the reins. These Mitek board people pretty smart to unveil your plot. I think they are onto something.
Bob have you been hiding your true identity....? I am starting to think you might be someone besides Mr Bob Canterbury. I am so feeling bad about this possibility. Well if you are Mr Orioles does this mean you are from Baltimore? If you are from Baltimore you need to go to the Preakness and run across the roofs of the porta potties. This could be called the Bob Orioles Canterbury dash. They award ver rich prizes to winner and you can be famous. I am really stressed that Mr Orioles might be Mr Canterbury. This is like finding out Hitler is Santa Clause. Vey very bad
I trust the people of Texas to give us the answers. as you have said 100 billion that would be enough for Mitek to open the Canterbury Cafe and run the Canterbury Express in tandem. That would qualify us as very rich. If it's just the 200 million well we might just get Canterbury Cafe with Debello branded vending machines. So we might get rich but maybe not very rich.
What's more interesting for the shorts is that they hold forever and go no where. Smart guys like Bob Canterbury buy low sell high or short high and cover on lows. The reference on what is low and what is high is questionable as we go lower. As you say avg down can be an effective strategy. Sitting short ancestry or long forever seems senseless. Trading everyday senseless too. Buying lows and shorting extremes seems like a good strategy.
Usaa has how many patents? Usaa and Mitek had contractual relationship which USAA failed to meet. USAA outright shared confidential info. USAA defamed and slandered Mitek. The little fish will be eating the big fish in a couple months. Very generous award to Mitek. I doubt Mitek will settle and it will be all the way now.
Mitek needs to demand 200 million in damages. Defamation, unfair business practices, slander, etc etc. This mess could be our biggest pay day yet!! I have faith that Texas will see through all the USAA BS
100 share moves over and over and over. Desperation setting in. Insider selling has been a concern and the smart buyers are waiting for this issue to clear out. we will be in quite time soon enough. Management is also being a little conservative around news that might be seen as a market pump as the few insiders sell their skimpy amounts. Nonetheless, need to be carefull with news around insider sale dates. I certainly hope they are done their petty selling.
from the shorts...looking for stop losses. 29000 at 3:28 possibly an insider wait and see. The insider window closes a few days. Shortie trying every trick at exactly the right time. Anyone notice the 100 share trades wow I think its a record. Staying long shortie suffocating...
The shorties seem to be rather proud of themselves for pointing out the obvious sales that have been annually occurring at exactly this same time(late February early march). I think I have seen like 50000 maybe less. Big whoop. They are obviously waiting to see if we get a couple 100000 to 500000 from debello. That would be ugly and if we get through this week it looks like it won't happen. If Debello were smart he would repurchase what he sold last fall. Shorties would be so screwed. Wait and see
Making like they can cover lower....no I say not. What it is and what they try to make it look like are very different. Time is on the long side. Banks are interested in the revolution as will other businesses. But the shorts are dead money at best.
Insider tax selling can happen anytime during the year but Mitk insiders have sold shares every spring. Form 4 shows the same trend for the past couple weeks. Not huge amounts but if Debello has a few hundred thousand shares to sell next week the shorts are ready to take advantage of the physical sale and the fallout from the continued insider attitude. But who knows, maybe we see a big purchase? The trend is Debello keeps selling us out. Either way this should be the last week for insider moves.
We should see if Debello gives us another flush or maybe he becomes a buyer here? Was the fall flush a preamble to a big buy in the spring or do we get no buying or selling? This week will tell.
The shorts played the annual tax selling season to a tee. They know this pressure comes every late February and early March. They had the stock sitting at 9 month lows waiting for the annual management flush. This pays them as little as possible and makes longs wonder about the intelligence level of this management team. It is what it is...and insider tax selling should end shortly.
The fact is Bob the shorties can probably put Mitek anywhere they want to. But, the real question is can they make money doing it? Perhaps it is a pump but I believe the shorts digging a deeper hole for which they still need to drag themselves out of later is a dangerous plan.
I think I can wait much longer then Mr shorty.....
Good luck to the young Bob the 82nd would be my pick then he can jump onto the Normandy drop zone.We never seem to get a lot of thanks for liberating France from the clutches of evil.
Bob Canterbury day is still on the books for the 1st Friday in March here forward.
I also think THE CANTERBURY EXPRESS and the Canterbury Cafe are two ideas I like so once we become google like success we can reward Bob for all his efforts.