Agreed. I'd be careful at this point. Once the Iphone App is officially announced, the SP will get a pop.....
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Level 2 is showing a consolidated effort by ARCO NITE and ISEG to keep it under .17. They are pushing prices down, to meet sellers, the opposite of their job. Manipulation.
What I am seeing is that there are not enough big buyers and some big blocks looking to sell at .17.
But the good thing is that there are not sellers just at any price to get out and bring price down. If we could get these sellers at .17 out of the way, we could get closer to .18 by end of the day.
Buying pressure could have easily been to .17 and beyond, but for some reason 3 MM's decided that selling their clients under .17 was better for them. Like I said, either they are the worst MM's to sell stocks through, which I dont believe, or they are manipulating the stock. Level 2 action doesnt lie. From what I saw, .17 could easily have been agree upon by buyers. Buyers were talking all shares offered at any price(hence, manipulation).
Yes, I just saw a steady increase to .17, then it flatlined, now it's back down to .1697. Definitely looking like there's going to be a brick wall today at that level...
yep - and that was what I was hoping we'd get later today - up to around .18.... I think it's possible - of course here in Mountain Time and later on West Coast - investors are just waking...
Hopefully if/when good news based on the CC spreads - more specifically the news centered on DirecTV packaging / Iphone App - the SP will consolidate and pick up... we might even edge past .18 but I think we'll end up there EOD...
.0001 cent spread right now jsut in front of .17 proves manipulation too. I think they buyers would take .17 if they are going to take .1699? Are the .1699 asks really necessary? Of course they arent.
I can't help but noticed all the negatively around here this morning. We're in the green-and over .15
Last time I checked, we weren’t in this position last week. And I'm personally glad to see a slower/justified climb in the green. Instead of a scary volatile pop to .50 or something like that.
http://online.wsj.com/article/BT-CO-...12-708950.html
Anyone have the rest of it?
I like this headline......
http://finance.yahoo.com/news/Sirius...-14616354.html
Sirius XM Radio planning to stream to iPhone, iPod
Sirius XM Radio planning to stream its subscriber radio to iPhone, iPod Touch
Thursday March 12, 2009, 9:56 am EDT
Related: Apple Inc., SIRIUS XM Radio Inc.
NEW YORK (AP) -- Sirius XM Radio Inc. is planning to stream its subscription radio service to the iPhone and iPod Touch devices from Apple Inc.
After narrowly avoiding a filing for bankruptcy protection last month, the nation's only satellite radio provider wants to step up sales directly to consumers. New car purchases -- which had been Sirius' best source of customers -- are way down.
Sirius XM also said in a call Thursday to discuss its fourth-quarter earnings that it's ramping up efforts to reach buyers of used cars with factory-installed satellite radios.
ISEG is the problem right now. They hate their customers. Keep undercutting the current ask, over and over and over again. Then ARCA follows.
I feel a small amount of satisfaction (very small)
I just filed another complaint with the SEC based on today's trading activity... I'm going to contact a few other watchdog types today and see if I can't light a fire or two....
Manipulation at its finest today.... I still think we will be good EOD ... but I could be mistaken...IMO