I had a tidy profit before the pumping came along. What the pumping did was allow me to make a quick 15 cents and unload a big block in one shot which wouldn't have happened otherwise.
In general I'm annoyed with these pump/dump schemes because they hurt true long-term holders at the expense of a couple of them who will make a quick profit at the expense of the sheep. The sheep are going to exit at almost any price and that will leave the shares lower as they now compete with themselves to get out, but they bought their shares from the first pumpers in addition to some like myself who already had shares and took profits.
You go and call it hilarious. With a low float low liquidity nanocap stock like SOTK, in general, it never comes out better as a result.
I'm not "trying" to get the share price back to my desired entry point, whereas the pumpers certainly are trying to CONvince others to follow them. Hey, and guess what - if I were trying to get the share price back to my desired entry point - why should you or any of the pumpers care? It's any different than what cashflow is doing? Considering I'm not spamming the AAPL, GOOG, MSFT and a dozen other boards with it, I'm not doing anything wrong, am I?
Look at the volume man - did everyone just discover SOTK yesterday? Of course not - what you see is simply everyone who took cashflow's bait. Within a week or two, daily share volume will be back to it's normal 10,000 a day and the pumpers will be gone. That's how it works - the company and all the good things about it is not discovered overnight. We all know the folks who bought yesterday will be gone very soon and the shares will likely be lower than where it was when cashflow went on his advertising campaign yesterday morning. Go look at his history - this is standard operating procedure for him.
Now being discovered? Now being discovered by you and those who buy your advertising. Are you going to spam a bunch more boards today? And when you sell and stop spamming in the next day or two, then what? All the mini-cashflow599s need to continue spamming or else - right?
One or two folks like yourself have passed through here over the past few months. Volume and price always reverts to the norm...as it will once again.
He's telling you that $2 and below is too low.
David purchased 5180 shares over past few days a prices of $1.95 and $2.
These were open market purchases with cash out of his own pocket.
Wrong, completely wrong. I'm not backstabbing my fellow SOTK investors at all - just presenting the facts of what pumpers like you and the pack of sheep they lead are doing. You talk about the future of SOTK and yet you won't own it past Monday. How's your TPI working out after pumping?
Unhappy to see interest develop? You haven't developed interest, so don't let it go to your head...you've done nothing but spammed a bunch of high traffic messageboards convincing some simpletons to play your game and try to find even bigger rubes to sell their shares to.
And don't get me wrong for one moment...I'm extremely happy that you brought one of those simpletons along to dish my shares off to...and another of them that will be begging me to take their shares when the game ends.
Yes, we can all see how well your spam campaign worked with TPI. I suspect we'll see exactly the same here in the couple days that follow...will trickle right back to where it began if not lower.
You said it in your question - wait for it to settle and the volume to get back to normal levels.
Quarter was strong, outlook is strong. Pipeline is also very strong.
Very first analyst started off with the magic words "Congrats on a great quarter" - shares go higher.
Agreed on all points. Look at cashflow599 from below and how busy he's been today pumping. You think this wallstpirate genius magically/coincidentally found SOTK today? He read cashflow's pump and took the bait.
The longer-timers here are well aware of the situation, these pump/dump folks are only interested in one thing and if it takes more than a few days they're gone.
Hey, you too can make things look prettier than they are for $109.
$1.09 ... 100 ... OTO ... 15:58:45
$0.99 ... 200 ... OTO ... 15:56:08
$1.00 ... 800 ... OTO ... 15:56:07
$1.01 ... 2,000 ... OTO ... 15:56:03
We haven't seen volume like this in forever. I dumped my 20,000 shares in one block to someone who doesn't know any better.
Who knows how much higher these bozos will push the price. What is clear is that it's going to fall hard when the shares haven't moved for a couple days. Watch them fight with eachother to get to the exits.
I'll buy my shares back after this plays out.
No, but a poster from earlier spent half his morning spamming a bunch of other boards.
He did the pumping...clearly this kind of volume does not come on no news.
I'd look for a bit of a pullback from here...150,000 shares worth are not long-term holders or interested in being long-term holders.
And just to be clear, the SA SUMR article we're talking about is currently on the headline page - posted on Y! last week on Oct 17. Here it is on SA - released to their Pro subscribers on Oct 16.
Summer Infant's Self-Improvement Could Take It A Lot Further
Oct 16 2013, 09:45
When did the volume jump last week - Oct 16.
You need to understand what they do with these "Pro" articles and that there is absolutely no difference between it and illegal insider trading. People at the printing presses for Businessweek have been convicted for doing the exact same thing in the non-digital world. You can go look it up from a few years back.
Why do you think the volume and sudden runup occurred in the first place?
It's not a matter of what I think, it's what I know.
Look at when the article was distributed - the day prior to that is when they make it available to their paying "Pro" subscribers. They pile in the day prior to when it gets distributed to Y! and other partners, then the sheep pile in over the next day or two and the "Pros" sell. Over the next few days the sheep realize that they are holding the bag and then leave with their tails between their legs. It is much more pronounced with small cap and low liquidity stocks.
I've seen this many times and actually took advantage of it a couple weeks ago with a nanocap stock I held where they did it. Shares jumped 40% and volume was up 50 times normal - and I sold everything. It would have taken me 3 weeks to sell the number of shares I held and I was able to sell everything in 5 trades. Now the air continues to be let out a few cents at a time. If you say that was a coincidence, you can go take a look yourself. The stock is PDEX. Go look at the share price history page, check the date the article was posted, and tell me if it's not obvious that SA played their game.
I'm just telling you the facts.
As far as where the shares go - $3.50 to $4.00 is something you won't see until spring/summer 2014.
You beat me to it!
Bet there are now a bunch of people who are really sorry they dumped their shares at some ridiculously low prices.