9l, I like the majority of your posts but have to disagree with this one. I find The Martis story very difficult to believe, and he posts for one reason which is to give Martis a boost. He could care less about his Fellow traders and if he can put enough fear or greed into an inexperienced trader to fulfill his own agenda, then that's what he'll do.
eg. Someone that has such large positions that he suggests he has, cannot possibly move it in and out so easily in a matter of hours.
Without checking back the exact buys and sells, from memory, he entered at about 11 or 12 and made everyone aware that it would hit 20c that week (it didn't), sold at 13 or 14 so that he could short the banks, bought back in around 17-19 (4% he said) on a day which meant half the vol was his. His next ramp was the 3 day spike to 30 cents which he said over and over, probably to sucker a few in. Then he dumped half (or 2% of the MC) at 22.5 on not a huge vol day either I might add. Latest is 30-32 tomorrow which could be correct, so why dump the day prior to a 26.5 c close? I'm not saying he can predict the future but he certainly says so. His trading pattern over the last few weeks has cost him around 8-10c or up to $1.1M had he not sat and held out.
Now I know everyone stuffs up, but to carry on as though you are still the prophet and knew how it would all unfold and then still try and get kudos from your anonymous audience is quite hilarious really.
All it tells me is that these are actions of a 30 minute newbie, not a 30 year vet.
Maybe he traded it quite differently to his blog and don't really care if he does, but I consider the nature of this type of self serving posting is unethical.
By the way I still hold substantial cvi holdings from 4c and buying all the way up and haven't yet seen the need to trade. This story has a lot to play out yet imo.
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held