What do you think PLUG is going to do? I shorted at $8.03 and got stopped out when I set a stop for $8.01 when they went down to $7.76. do I short at the close or wait to see if they still have legs on Monday? The volume is incredible so I really thought there would be profit-taking going into the weekend by the momentum traders.
• Feb 24, 2014 4:57 PM
"I can see .75 printing this week and a Friday close in the .80s. We'll see."
I was off a week. Still not the volume. No buyers except for the obligatory small buys right after a sale to give the illusion the price is higher. Yawn.
Now everybody is looking at each other waiting to pull the trigger before they lose all their paper profits. This is the part I like best. You have already seen how quickly it will go back to the .40s. Who will wait too long and get promoted to loyal bagholder of the future?
altaga... if you are still here after it comes all the way back down I am never going to let you forget it. Too danged funny. You had a double after you bought it when it went to .55 and followed it all the way back to .27. Now you followed it from over a buck this far down. Won't you ever learn?
=The MM screwed a bunch of people today
Care to elaborate? Are you saying they filled orders in a manner other than they were submitted? That is serious. I think you should contact the SEC and the FBI immediately with your documentation showing this.
Of course the other possibility is you are clueless. I wonder....
=But in the world of FAB trading we will need to go with the best information we have when trading starts soon
Yup. The best information we have is the company verified some of the allegations and has been unable to provide any documentation refuting other allegations. Doesn't look good.
=My trading will be based on the assumption that Carnes is guilty as charged in the BCSC Silvercorp Case
LMAO! Perhaps the university you teach at will allow you to audit a Logic course. You do understand that Carnes being convicted of fraud, being an axe-murderer and kicking puppy dogs PLUS the findings of FAB being a fraud are not mutually exclusive.
You are either really dense or your target audience is somewhere between Neanderthal and Cro-Magnons.
If Carnes has done improper things in the Silvercorp case, he will justifiably be taken down a notch or two. That has absolutely nothing to do with either Silvercorp or FAB shares. Either allegations made against both companies can be confirmed or not.
Your thought process is interesting. You assume Carnes is guilty, but I'll bet you have not even researched the allegations against him. You assume FAB is innocent of everything yet you have seen documented evidence confirming some allegations and the company has been unable to produce documents that would refute other allegations even though the material should have been readily available to any company with a minimal level of competence. As for myself... my world is not so black and white. Carnes is neither an angel or the devil. FAB is neither a complete fraud or corporate citizen of the year candidate. Some things are verifiable and others are not. You would be better served to keep an open mind instead of prejudicing your research based on "motives" of the reporter, but hey... whatever works for you.
=FAB sells Licenses.
Yes, this is a documented fact. There is absolutely nobody that doesn't understand this. Why do you feel the need to keep repeating it? FAB does sell licenses. They also control all aspects of picking out kiosk locations, the actual installations (and relocations) and they control all updating of content.
They very clearly stated in numerous filings and conference calls what the number of DEPLOYED and INSTALLED kiosks were. We are STILL patiently for them to provide these lists of locations so they can be independently verified. Is that really such an outrageous expectation? I think not.
The only reason I keep engaging you is you are a better "basher" than I am. Anybody with half a brain can see I make cogent arguments and reasonable requests for information that should be completely transparent. You keep twisting and obfuscating.
Yes, they license kiosks. Point made. what else do ya got?
=Sorry my time is more valuable than that
LMFAO! You spew on with your nonsense, but when called out to back up your posts you claim your time is "more valuable than that".
That is pretty low to attack someone in that manner and not even provide anything to support your attacks. Keep playing your games now, but once they begin trading... it won't be so easy. You won't get all of these free passes.
=Never hold the bag over the weekend.
EXCELLENT! You are leaving here wiser.
I shorted PLUG just now a little over $8 for that very reason. Today's trading volume there will exceed their market cap! when was the last time you saw that? I think you see a lot of profit-taking there these last couple hours. I like their long-term prospects, but they are WAAAY overbought now.
Hey, ballsy... covered just a little of my WLCDF short at .82. Most of the position remains. Was going to hold out for 20% on my CBAK short at $4.25. Starting to cover in the $3.60s and $3.70s. Will put in some limit buys to cover on ABAT. Look for 10K chunks filling. Pssst... bagholders, last chance to sell as I cover. What a great week!
How is that "strong hold" strategy working for you?
=did someone actually get nailed cause they had a stop at 42 cents
They placed a market order instead of a limit order. You don't get to sell at the Bid. There is also a Bid SIZE. They burned through the Bid Stack right down to .42.
Anybody check pacer?
=sigh otcmarkets is just a marlet maker of sorts
No they're not.
=i don't know what to tell you other then that 8-k moved them up to limited information.
That is correct. They are now listed as "limited information". What is it about your feeble brain that doesn't allow you to understand they are BOTH limited information AND caveat emptor? They are not mutually exclusive designations.
Tell us what the Bid and Ask are when you look them up on the otcmarkets website. DOH!
I sold PLUG, also. Thanks for bringing up yet another example of irrational exuberance. You can't compare a transparent company like PLUG that trades on the NASDAQ with a caveat emptor stock on the pinks that hasn't filed financials for years.
I think I am going to short PLUG today. Look for lots of people locking in profits before the weekend on these stocks that went up too far, too fast.
You're wrong, pippy. It STILL cannot be quoted on the OTCLink system because it is STILL caveat emptor. The "limited information" has nothing to do with the caveat emptor designation. The skull and crossbones remains.
OTC Markets Group Inc. (“OTC Markets”) has discontinued the display of quotes on www.otcmarkets.com for this security because it has been labeled Caveat Emptor (Buyer Beware)
=but you see the otc? it now trades under limited.
You're wrong, pippy. It STILL is not quoted on the OTC Link system because it is STILL caveat emptor:
"OTC Markets Group Inc. (“OTC Markets”) has discontinued the display of quotes on www.otcmarkets.com for this security because it has been labeled Caveat Emptor (Buyer Beware)"
=naw it now listed as limited information since they put out that 8-k, kind of ironic you don't need to file anything relevant to get off the list.
They are still caveat emptor. That is what the skull and crossbones designates. The "limited information" just means there has been a filing within the past 12 months, but it does not change the caveat emptor designation.
="they (ZAP) went up 300% and are back down 50% today,
Hmmm, lets see I guess that leaves them a net 250% up.
What a D-F!
Let's start at 10 cents.
Now we go up 300% = 40 cents.
Then we go down 50% = 20 cents.
Is 20 cents up 250% from 10 cents?
=I don't get your point lbcb.
The point is ZAAP has been a scam for over 20 years preying on social investors that want a greener environment. They were a nothing company that went up 300% for no reason just like some other companies after the TSLA announcement. It just cements that our markets are insane and are full of momentum traders that are clueless.
=Is it because ABAT does business with ZAPP
LOL! Let's see any updates since 2009 that ABAT is doing business with ZAAP. Everything changed when the "old" ZAP went under and combined with Jonway. Even ABAT didn't still claim a relationship with ZAP anymore. Heck, ABAT was still claiming to being a partner with ALTI over 4 years after the fact.
Jonway had completely different deals than ZAP. Show us anything newer than July of 2009 that says ABAT has any relationship with ZAP. You pumpers are TOO danged funny grasping at straws but backing up nothing.
=i wouldn't doubt some of this buying is because of lithium battery funds
There aren't any fund managers that would buy a caveat emptor stock that has been dark for 3 years. They would get sued if (when) the SEC suspend/revokes them.
There are just a bunch of momentum traders that followed some industries around after the TSLA announcement. ZAP (ZAAP) is a good example. They went up 300% and are back down 50% today. They are probably about ready to file BK again, but all kinds of worthless companies went up for no fundamental reason.
=And it's extremely humorous that I get exactly 6 thumbs down every time I question anything you say...hmmmm
This board is hilarious. You will get to know the players. The manipulating pumpers have half a dozen aliases each to show how much "support" they have while a few truthtellers get personally attacked, but they never can counter the information presented.
altaga isn't even a long-time player here. He just popped in a few months back during a pump & dump campaign and became a bagholder when he couldn't get out. He is a pure momentum trader and has never done any DD here. He claims to have sources showing there are over 20M shorts here, but has never been able to provide any documentation. When you show the outstanding short interest is 250K shares, he claims they are naked shorts. When you show him the REG SHO Threshold List to refute that... he runs away. Rinse and repeat the next hour.
ABAT has real operations in China so they aren't your "typical" fraud like many others. They just claimed impossible margins and were caught with several related party transactions that bilked shareholders out of tens of millions of dollars. They raised $100M here in the US and much of it was funneled to the Chairman and his cronies.
The company is real, but admitted they had to "restructure" last year. With no SEC filings for many years, we don't have any idea what there business is even like now. It is all moot since they have abandoned their US holding company and there is no recourse against the Chinese operating subsidiaries.
=I'm thinking about selling my shares at this point, prior to the news announcement as we don't know what the outcome will be for sure.
I disagree. We DO know the outcome. ABAT is going to be allowed to slither away because there are minimal assets to attach. This pop isn't about anything related to ABAT. We have known for many months the court action wasn't going anywhere. It was the ABAT attorneys that said if you continue this, you won't get anything because we will hide in the PRC:
"ABAT Defendants have represented that collectibility against the Company and the Case 1:11-cv-02279-CM Document 103 Filed 04/25/13. Individual Defendants is unlikely given that all of the ABAT Defendants and the majority of the assets are located outside of the United States, including in the People’s Republic of China."
That is the EXACT quote from the court docs.
If I were you, I would wait for the update that the lawsuit has settled. The manipulators will hype it to people like you that it is some kind of vindication and ABAT was totally innocent of everything. The truth is, there is documented proof of many of their transgressions. Can't bring you up to speed in one post, but the judge has used very harsh words against ABAT... especially when she denied the motion to dismiss.
It is amazing that the TSLA announcement caused people to jump into all kinds of scam, sham and defunct companies while doing zero DD. WLCDF is a good example. I shorted them at .82 when they shot up just because they had "lithium" in their name. They are almost at my target price to cover. Some of these vapor gains are coming back, but ABAT is still way too high based on the false premise that there is some big announcement coming up on the outcome of court activity.
It is a done deal. Case over. Just watch everybody sell at once when it is announced. You just have to laugh at the manipulators here posting 5 year old news stories trying to con a few more pennies out of the ignorant.