Right on Shirazi. I hate to bring up this "delivery of certificates" thing again, but it really is shear laziness if you do not. It's very simple...you call your broker and tell him that you would like to take delivery. They will charge you a minor fee...I believe it's about $30 Canadian. That's all there is to it. Doesn't that sound worth it, considering that you will effectively be tightening the supply? The less shares MM's have at their disposal, the quicker this one will pop. If they are caught way off-side(short), the stock will skyrocket as they scramble to cover their short position.....only guess what? This time our shares won't be there to borrow, so they instead have to buy them from us on the open market(and I'm not selling:-). The sky is the limit when this type of scenario comes to fruition.
Someone also had doubts as to whether this stock will ever move, given that it didn't after the Radio Shack deal. The following is what I think is happening(in my opinion). There is no way in hell that this stock could trade over 10million a day for 4 days running with almost all trades falling between 9 and 10 cts. The day after the Radio Shack deal, we were at 13cts in the first 15minutes. And we would have easily made it to 20cts, but the MM's dropped the bid and ask. This means one of three things, and two of the three scenarios are good. 1) MM's are way offside and out of desperation dropped the bid/ask hoping to shake out as many shares as they could in an attempt to cover....it failed miserably, because the stock has managed to stay above 9cts through almost 30million sells....people are buying 'em as quick as anyone is willing to sell 'em.....great short squeeze potential if people request delivery of shares. 2) MM's are greedy and are trying to lap up as many cheap shares as they can get their mitts on before the next release and subsequent wave of buying....whenever they have gotten their fill, they'll let up and the stock will fly. 3) This is the worst case scenario: MM's will let the stock run 2 or 3 ct's and unload a large part of their position, and then start shorting it back down again. One they've accomplished the drop, they'll slowly start to cover their position again and get ready for another 2 or 3 cent run. They make money on the way up and money on the way down(all the while using our shares) Obviously reason #3 is the strongest reason for requesting your share certs. |
