*AV*--Well, well, as long as you are putting the cards on the table, let's step through them.
1. The unbridled seller supposedly had 330K shares to dump off. This would have been reflected as 660K on the tape which is 3X average daily trading volume.
2. This seller supposedly had already dumped 220K shares last week which you were aware of.
3. Since Jeff admitted to being part of the conversation, you know that I posed certain questions and brought up the short sceanrio.
4. Everything discussed was hearsay as far as I was concerned since there was only your word that this was going down. I have and had no reason to doubt what you said. Therefore I took everything at face value.
5. You know that I repeatedly told you that if the sellers were going to dump the shares on the open on Monday, the stock would tank.
6. You alluded to the fact that the drop last week was due to the previous selling done by the unbridled seller.
7. You know I volunteered to buy a large block of stock if a private transaction for those shares were arranged. I gave you me intent to step up to the bar if we got a discount in the 15-20% arena, which was not that outrageous. After all, as you alluded to, a 330K dump on Monday would depress the stock as much as the previous week's unbridled selling did. that would have accounted for another $3.
8. All this transpired over the weekend and we both understood that a great deal of effort was being made to place those shares into friendly hands and in larger blocks so it would be transparent on Monday. You, yourself said that it would not move across the tape as a transaction.
9. Late Sunday when I had not heard back, I had to assume the shares were placed or were going to be placed. Apparently the stock was going to move somehow, without the seller taking a hit. Personally, I see something wrong with that. If this aeller was to be taken out as you stated, he should have been taken out at a lower price terms, more favorable to the incoming investor.
10. Monday, and this is where you have your brains dislocated from your head, the stock opened up and no heavy selling came in. This meant either the stock had been placed elsewhere or the seller had either changed his mind. OR - the aggressive weekend search for retail buyers to come in to bolster the stock had preceded the large block sale. This is the makings of a pump and dump in my mind.
11. When I did not hear about being part of the group to take out this stock, I had to assume the stock was no longer an issue and was placed. Otherwise, why didn't the seller come forth and negotiate a private sale with us. One can only assume that either the stock was placed or a deal was made to have the seller slowly drain off his shares as the retail buyers stepped up to the plate.
12. So as the stock opend up, I took appropriate actions to protect my investment from further loss. Had the retail buying come in faster, I would have hedged myself and lost some money covering the short.
13. The volume on Monday clearly indicates that a few large blocks did change hands in the low 9s and also showed that the purported 330K shares had not come across the tape.
14. I see the stock bottom out and make my own entry at that point to go long. I rhink all is well and behind me. I am happy.
15. Tuesday rolls around and the stock starts to jump up as retail interest seems to have grown. People were lining up to buy the shares and the price was going up very close to the $12 target you mentioned the effort was trying to establish. Volume was not terrifically high Tuesday but it was more than 1.5X average daily volume.
16. To me it seems as though the retail buyers had been rounded up over the weekend and Monday for the unbridled seller to take advantage of.
17. What if the shares had not been dumped or privately placed on Monday and, instead, the seller was convinced to wait until enough buyers could be lined up for the seller to bleed his stock off to. If the buying were powerful enough, you have what I consider to be a pump and dump possibility.
18. Don't you find it curious that from Monday lows to Tuesday's highs you have a 33% jump in the price of these shares????
19. Don't you find it equally weird that the stock retraced a good portion of that today???
20. I find it very weird indeed. So much so that I specifically talked about ALYD in the online version of the newsletter posted to this thread.
I never tried to sway anyone's opinion on ALYD and kept quiet due to not being available. I refused to prop it up or shoot it down with the information discussed. I was willing to help take out the seller, I was willing to be a retail buyer should there be heavy selling pressure, but I most certainly will protect my assets and no more, when I think something screwy is going on. When the retail buying came in and was not matched to the selling (price rising), I smelled a rat. Whether you were being used or not is not an issue. I so not think you would willingly do anything wrong but you could have been used by the sellers to ensure a good price on the open market and not suffer any further price pressures down. After all, the were selling from 13 down to 9, if I understood your comments.
I knew the defined problem but I also knew there was more here than you were willing to discuss. And the problem was solved according to you. Well, you are right, the problem was solved. From this statement I think you are stating that the unbridled seller is now out of the picture. He wasn't out of the picture Monday as the tape shows (volume too low to be completely taken out) so I must assume the seller was able to participate in some extraordinary gains on Tuesday as his positions were liquidated at higher prices than he deserved. So as you told me, the problem was solved, but at what cost to the new investors on Tuesday, Wednesday, and Today???
Even if the shares were placed behind the scenes for $9 on Monday and did not come across the tape, only a foolish buyer would not unload some of their holding at a 33% over the course of 2 days. Either way, the little guy got taken to the cleaners, temporarily while the big guy walked away from the table in better shape than he deserved.
Everyone on this thread knows that a vast majority of the stocks I discuss, I own or am planning to own. I am not posting 100% of my trades for all to see but I do post portions of my trades within minutes of making the buy or sell. Can you honestly say that you have done the same over the past few years. The 10% contest is as good as you have been about telegraphing buys and sells. I have told people countless times what my buy and sell price zones are and have consistently reminded people to take profits. No one on this thread thinks that I do not trade the stocks I talk about. They also know I try to target those stocks that cannot be manipulated as much.
Someone brought ALYD to my attention and I liked the idea. I take full repsonsibility and ownership of any grief that comes this way on this thread on ALYD. I also have blocks of stock that are priced higher than I would like them to be.
Very few, if any posts on this thread has my own selfish interests behind them. If they did, I would be trading pennystocks and other low volume stocks where my purchases can actually impact the price movement. Do you really think I would waste my time with all the elaborate explanations and research to dupe people into investing in stocks that I would knowing profit from??? I am trying to help people to become more informed investors. I am trying to keep them away from scams and con artists or even unintential spammers that do damage by heavily promoting a stock. If I had my own self interests as motivation, I would be aquickie poster and do the BUY, BUY, SELL, SELL stuff more frequently and across a great deal more threads. Check how many threads I frequent and post on. I expect people to come here or privately email me. I live here on Stock Swap and make occasional visits to 2-4 other threads. I shutdown one thread since it no longer suited the purposes of the community. It has become an offline chatting place.
I do not pretend and you show a character flaw in yourself to take offense to the actions I took to protect my assets. You not only were defending your portfolio but you were trying to enhance it by bring in retail buyers and allow an unbridled seller to escape with more cash than he deserved. Why didn't you let the seller dump the shares, sending the stock lower, and then allowing the new investors to come in at the EXPENSE of the seller. Those already invested would have been crying in their boots until the stock reversed after the overhead was eaten up. Instead, we have new investors in at a higher price.
How many time did I ask about why we just didn't let nature take its course and load up on the lower price the seller would create by dumping the stock. You forgot to mention that I was led to believe the seller was dumping the stock no matter what. Why was it so important to keep the price up or have it run up while this was happening. This whole thing reeks of catering to the needs of the seller who is deserting the company and not looking out for the best interests of the new shareholders.
My going public with any of this information prior to the course of events unfolding would have been unethical and would have led to volatility of some sort, making me a direct party to any type of manipulation that might occur. I wasn't going to be anyone's dupe or hatchet man. We both know that someone refused to put forth a glowing Rah Rah report on this thread or the ALYD thread. It was dertermined to be unethical as well.
5 or 6 people on this thread have the "goods" on me. I stated that on numerous occasions. It is with this particular situation in mind, that they become my Judge and Jury. If any of these people think what I did was wrong, they will take the appropraite actions against me.
Finally, it was my perception that you were not going to be buying the stock yourself and were just trying to protect the shareholders.
If I have left anything out it is an error of ommission and not an attempt to hide anything.
Andrew |
