Yea, i think it went to 1.65 for a flash and bounced. I saw the Volume spike, but no the price, and scrolled my L2 stream to look for the 200k. As for next year, separate from the company outlook (they need guidance and PR), but looking at the options - I hope this will go up a bit. Beyond that, this is a very speculative stock, but i see that regardless if the company executes, it should trade up on the speculation! (Or i hope LOL)
As for the second part of your question - the answer is no - there are no rules to get this point hammered out and shorties dont want to tip their hand, so they wont. Advantage? Market Makers.
All I was saying was that the 1.69 200k showed up as a block trade, but it could have been between 2 accounts even controlled by the same house - the trading on the day was not to bring the price down FOR this single 200k block trade, but probably just on a phone conversation while the trading was going on at that time and level.....
If you are short in NAVB you put in hard buy ceilings to compel a sell-off (like we saw at $2), and short a few times on the way down to trigger sales, thus (sling-shot) the price lower with limited shorting. With a HFT, you can trigger a sale then cover back into the triggered position (you can cover with the sell if your HFT is fast enough and the longs give a spread). This was being done by a couple of Algorithms last Friday.
As you do this, long traders will then put in a ceiling on the way up for an exit point - and you can buy into these to get out of the short position. Very effective way to cover (like today).
I respectfully disagree - big blocks can also be sold after hours for pre-determined prices. There is no need to drive the stock down for this reason. I think its to take out stops on the way down (cheap way to drive down - or slingshot down) then take out the sell postions as you go up. Its an effective way to cover a bit cheaper.
Investor A is long 100 shares and wants to sell. They enter the order through their broker that is routed to a market maker. That market maker will go out and sell the stock into the market before they have bought the stock from you/your broker to close out their account. They do not take possession first as there is no guarantee they can sell the order into the market. By this Notice, the actual sale INTO the market is a short sale because the market maker sold the stock into the market BEFORE they had purchased the stock from you. It is a technicality since they know there position will be closed out minutes later when they go in and buy your shares. To avoid doubling up on trade volume and distorting the picture, only the sale into the market (consolidated tape) is recorded and not the second leg which was the sale transaction between seller and market maker.
So, this is why the short sale volume is high but also why the FTD’s and bi-Monthly short interest reports are not showing any indications of this volume. The short isn’t really a short it is the execution of a long sale by a market maker. The key language in the FINRA notice is this:
The Daily Short Sale Volume File will provide daily access to the aggregate volume of short sales in NMS Stocks and OTC Equity Securities reported to a consolidated tape and traded over-the-counter during regular trading hours on each trading day.
Not to be rude or disrespectful, but just want amount of shares diluted (or market cap when at 4.35).
Still holding - added a bit in the low 2's - for me, the exit is 5.25, not to break even, but i want a buck more for my trouble - hope the family is doing well.
This is HFT trading today - No real buyers to speak of. The stock price it being defended, but seems to be floating down.. ugh... All we need it for the bull to add a limited amount of push and we will see 1.85. It would be good to see a green day after the friday sell-off.
Not new to trading. Bought 30,000 for a swing move, but may be here to stay and may move more money to break points. - following are my outstanding points/questions.
1) One Axe is absolutely slaughtering it. NBB is what the longs have for these moves and this ONE axe is kicking serious backside on L2. This is unprecedented in my watching L2. This is ONE axe and this ONE axe is soft as a "high speed trader" also the ONE AXE allows a 4 cent drop for hours only to make it up. This completely screws with the bears algorithm IMHO.
Remember 85% of trades are made by a computer through an algorithm (a formula) and the formula currently says buy buy buy buy.
2) No real selling other than day traders near COB and some (like me) seem to be sticking around). The short players are freaking out. Their bears computer programs are saying DONT SHORT ANYMORE they arent even able to get a simple red closing.
3) The short covering hasn't started yet in earnest - the options are thin. There are no convertible notes to exercise - the pressure on the shorts - In my opinion 2.08-2.18 will be when the shorts really turn.
4) The $2 break was due to short covering and not a buy - the breaking of $2 was done with 150k shares, when earlier in the day, it could have been with 80k shares, yet the previous close has 120k on the ask the computers dont miss this.
1) Speculation. Everything is speculation
2) The stock price is irrelevant, the market cap is the identifier. 300M? 500M? 750M? The stock needs to produce guidance. Without guidance, this could be one hell of a roller coaster.
Short Term: Strong Buy
Long Term: I have no clue.
Nobody looks at message boards for advice - and if they do, they deserve to have their money taken away. Its just a thing to pass time.
Agreed - but it would take some volume buying to compel them to do so.. NAVB needs 2M per day for a couple of days. We also need guidance - this is speculative, but an analyst needs to come up with assessment going forward. Another option is a partner with deep pockets may add 100M to the market cap, thus kicking off a squeeze.