CRGO.OB

[basonista]

Looks like you may have been smart to sell when you did, Trunk.  The good guys aren't putting up a good fight at the moment.

Times like this make me glad that I don't put much money into most pennies!

[TRUNK]

Its that one damn seller from Nite  He won't go away no matter what and he keeps bringing it down.. Nite's activities made me sell and as long as they are in control of the ask I can't re-enter even though I'd be getting in much lower now..

[basonista]

I'm trying to learn more about what I can read from the Level II quotes.  What do you see in CRGO Level II with NITE and what does it mean when someone like NITE is close to both the ask and bid prices?

[basonista]

Oops, I see that NITE is right on the spread now.  Is that how they control the price?

[TRUNK]

I'm no expert or anything, quite the contrary I am new to the market, but Nite has been on the ask all the way from .0265 with millions upon millions of shares executing at the ask.. They keep walking it down lower and lower virtually by themselves..

My suspicion is that they were the beneficiaries of the 5 million share block that went off at .0191 yesterday in afterhours.. Whoever has all those shares at Nite are in control of the action right now and have been for the past 2 plus hours.. until they are copletely gone it will not recover

[basonista]

Thanks for your take on the situation!  I see what you mean.  Everytime the ask drops, NITE drops to meet it.  Interesting...  But why would they want the price to stay down.  If they are the ones that got the .0191 price, wouldn't they want the price to go up so they can cash in on the way to the top?  Or could they be shorting it?

[jb]

NITE's activities are highly questionable.  They brought AOOR down from 2.15 to 80 cents in 1 day last month.  They were on the ask the entire time......

[basonista]

What to do....

[basonista]

Is there any reason to hold onto a stock like this with this kind of activity going on?

[TRUNK]

for the last 3 hours Nite has constantly moved around both the bid and ask to get people to buy their shares... everytime their bid is hit its just 5,000 shares though, but they can absorb any amount of buys on their ask.. they are sneaky bastards..

Just have to hope they go away and then likely the stock would make a serious run if that happened.. its done well today considering the shenanigans of he NITE seller

[basonista]

Well, like I said, I don't have much money in it so I'll ride it out and see what happens.  Chalk it up to another learning experience! 

[skyrebel]

CRGO.OB
12 AUG 2005  HIGH 0.265 ??

[basonista]

.265 was probably a mistake.  Someone left a 0 out of it.

[la-onda]

any comments oon todays price action?

[basonista]

I am also curious to know what people think about this.  I have never dealt with this kind of behavior and manipulation before.  Is it worth waiting out or will CRGO continue to be pushed lower?  CRGO obviously has potential but not if forces more powerful than us decide otherwise.