If anyone hasn't figured out the price-trade actio
Post# of 40989
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Posted On: 11/27/2018 12:51:41 PM
If anyone hasn't figured out the price-trade action so far this week...
I think SB yanked his broker's chain on 11/15 (my last/previous post) after MAXM came down on the ask. It was too obvious what was going on - retailers saw MAXM and tried to take advantage by undercutting, and the price immediately dipped and MAXM couldn't sell any/many of SB's shares without causing a further dip. I believe SB saw this and told his broker to back off.
SB came back with some tweets last week, hoping to see the price improve a little more before trying again with selling the remainder of his 44,360,473 shares that he filed the Form 144 for on 8/30/18.
I believe SB's broker decided the best approach was to pay a premium for using a retail MM to avoid retail traders undercutting. I think CDEL sold shares yesterday and today. Anyone notice CDEL's action on L2 during the crazy dip this morning? It caught my attention. I'm pretty sure that was what was left of SB's 44M shares being sold, finally.
In early September - after the 8/30/18 Form 144 filing - CFGN came out here and there on some days and sold shares. I believe those were the first of SB's 44M shares. I think SB put a hold on the remainder, hoping that he'd see the pps up higher before selling the rest. But he has/had only until 90 days from 8/30/18 to sell whatever he had left, as there is a 3-month window from the date of that Form 144 filing.
So... moral of this story is "pick up whatever cheapies you can - if you want them - before they're gone... as the quantity is limited." This morning could have been the end of them - it sure looked agressive that way. It's possible there are a few million more, but we'll see.
What's going on now is retail traders scratching their heads and wondering what to do and if they can somehow take advantage price direction - "can I flip my shares and by back lower?" All I can say is, give it you're best shot, it's a free world.
Oops, speak of the devil, here's CDEL out there with what looks like an iceberg order of 10,000 at 0.0013 on the ask. Aaahh, so maybe CDEL is back at it with a few million more cheap shares... well, have at it bottom feeders! I got my orders filled this morning, maybe I'll clean up leftover 13's this afternoon.
I think SB yanked his broker's chain on 11/15 (my last/previous post) after MAXM came down on the ask. It was too obvious what was going on - retailers saw MAXM and tried to take advantage by undercutting, and the price immediately dipped and MAXM couldn't sell any/many of SB's shares without causing a further dip. I believe SB saw this and told his broker to back off.
SB came back with some tweets last week, hoping to see the price improve a little more before trying again with selling the remainder of his 44,360,473 shares that he filed the Form 144 for on 8/30/18.
I believe SB's broker decided the best approach was to pay a premium for using a retail MM to avoid retail traders undercutting. I think CDEL sold shares yesterday and today. Anyone notice CDEL's action on L2 during the crazy dip this morning? It caught my attention. I'm pretty sure that was what was left of SB's 44M shares being sold, finally.
In early September - after the 8/30/18 Form 144 filing - CFGN came out here and there on some days and sold shares. I believe those were the first of SB's 44M shares. I think SB put a hold on the remainder, hoping that he'd see the pps up higher before selling the rest. But he has/had only until 90 days from 8/30/18 to sell whatever he had left, as there is a 3-month window from the date of that Form 144 filing.
So... moral of this story is "pick up whatever cheapies you can - if you want them - before they're gone... as the quantity is limited." This morning could have been the end of them - it sure looked agressive that way. It's possible there are a few million more, but we'll see.
What's going on now is retail traders scratching their heads and wondering what to do and if they can somehow take advantage price direction - "can I flip my shares and by back lower?" All I can say is, give it you're best shot, it's a free world.
Oops, speak of the devil, here's CDEL out there with what looks like an iceberg order of 10,000 at 0.0013 on the ask. Aaahh, so maybe CDEL is back at it with a few million more cheap shares... well, have at it bottom feeders! I got my orders filled this morning, maybe I'll clean up leftover 13's this afternoon.
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