Yea-- looks like they have aquired a 50% interest in 3o oil wells. Thats is what the good news is that many people are anticipating.
Posted by justplayin on :
With the high prices of gas and no relief in sight, an announcement of a major revenue stream will make this one fly. Posted by acharm on :
Still holding...looking for more green this afternoon..
Posted by amanick1 on :
bid has been the same all day since opening so hows this making money? the ask was at 02 and i didnt see any buys.
Posted by TonkaToy on :
There have been plenty of buys from .014 all the way up to .0250
Posted by amanick1 on :
405 thousand shares are not much or are my charts off
Posted by TonkaToy on :
Not alot? 405K is over 4Xs the 20 day avg for volume.
Posted by STOCKLOVER on :
Must be news coming....
Posted by amanick1 on :
how many buys were there today my chart isnt working on this for some reason
Posted by TonkaToy on :
17 out of 21 trades were buys today
Posted by amanick1 on :
what do you think this might see this week.for some reason my cvharts and news are not working and im hopng they fix this cause i dont want to buy blindly
Posted by Ktrain420 on :
100 signal buy downtick may be a signal.......watch it
Posted by forest on :
this thing was trading above $15 less than a year ago...this really is the bottom Posted by 05' = cash on :
Moving very nice today!
Posted by forest on :
just noticed that...seems like there might be news out soon huh???... is the E supposed to come off?
Posted by forest on :
the L2's on this remind me of tidc this morning...a few buys and BANGGGGGGGGG
Posted by 05' = cash on :
up 40%
Posted by amanick1 on :
whyt is there a .4 spread with just a few buys and why only a few buys can make this go .4
Posted by justplayin on :
3 x ADV,
What's up with this one.
Spread means the MM's don't want you to get shares unless you pay a premium until they can load up.
Posted by amanick1 on :
is that a good thing or bad meaning buy or sell
Posted by justplayin on :
quote:Originally posted by amanick1: is that a good thing or bad meaning buy or sell
Well, my crystal ball is out for repairs. The volume is alot over the ADV so there may be pending news.
Like all stocks, it's a roll of the dice.
P.S. I got mine.
Posted by forest on :
hold....if you have them... Posted by amanick1 on :
is it worth buying at ask?
Posted by justplayin on :
If the pps continues up, yes.
Posted by amanick1 on :
pps=? sorry im new to all of this
Posted by 05' = cash on :
price per share
Posted by justplayin on :
The "E" is gone and SEC filing was presented March 1st.
Could be a runner!!
Posted by windjunkee on :
my ameritrade account shows GRSU at "0" with a 100 percent loss. Is it still trading today?
Posted by justplayin on :
No volumeyet today, but yes - open for trade.
Posted by 05' = cash on :
up 25%
Posted by justplayin on :
I gotta believe that is the MM's messing with us. An order of 1000 shares equals $20.00.
If they didn't have that stupid spread, this one might run!!
Posted by amanick1 on :
whats MM mean and yes theres a huge spread why is that does that mean it needs more buys to bring the spread closer
Posted by justplayin on :
MM = Market Maker (otherwise known as basturds)
More and more investors are winning the game nowadays despite all bashers that float through the Internet that has become part of the game. Floor traders of market makers often watch CNBC, news wires and bulletin boards in order to follow the market during trading session. OTC BB market makers (MMs) don't use fundamental and technical analysis. However, what they do realize is a lot of dumb money does use this newest niche charting or TA (Technical Analysis) to run a stock either up or down. To the MMs this is like taking candy from a baby. Simply they will paint the tape and use whatever tactic to affect the charting bands. Thus the public and dumb money they will have eating out of their hands. Effectively the MMs can show a strong stock growing weak by manipulating the close price in order to generate selling volume, delaying trading time to manipulate trading activities, or even stalling the ask without honoring orders to hold a stock price.
MMs follow a simple code of business when making a market in a stock especially an OTC BB / PS. That is the level that stocks will seek that yields the most volume. Now this is very important because they make money on the volume buying at the bid and selling at the ask. In other words, by making the market they are buying low and selling high. Now smart money adheres to that rule, so do all the market makers. They could careless whether the stock is at $22 or at $0.0002. All they care about is the action thus being able to sell stock at the offer (The high) and buy stock at the bid (The low). To increase their profitability, they make the spread as great as possible on as many shares as they can especially if the volume falls off.
When they have mostly all "buy" orders, that's not the price that's going to yield the most volume. They need both buy and sells to get the maximum action. Remember, MMs play the volume. If the volume decreases and there are mostly Buys that become a one way volume, Buy volume. So what they do is let the stock run up to a price where it runs out of steam. They fill all the buy orders there that they can and then comes the pullback one way or another naturally or induced. During the pull back they can buy tons of shares and flip them to those averaging down or trying to catch the bounce. At some price, the stock will be relatively stable and yield the most volume. Now that is the average price you will see
The average price is the point where a stock seeks a level where MMs can profit on the most volume. So during the day that is the price that MMs and momentum/day traders want to see the stock at. Why? Because they know the public and dumb money was chasing the price thing up. Most of the time, the MMs love a flurry of Market Orders which is a dead sign of an artificial run or momentum. Merely it is money in the bank for them. Most get hung in a momentum or day trade or by the tactics of Market makers, who are in the business to screw the public every chance they get. They are merely making the market liquid is their reasoning.
The market makers have created an added complication to the OTCBB's /PS chaos of the already volatile intra-day price movements created by dumb money, momentum and day-traders. MMs can not relate to long-term holders in the OTC BB / PS. That makes absolutely no sense what so ever. They feel a large percentage of trades in the OTC BB / PS market consist of short-term or day-trades, MMs merely view the barrage of buy and sell orders as relatively neutral to the market. How they figure it is when the average dumb money buys shares in a company, the MMs feel or rather know with some certainty it is very likely that dumb money will want to sell back those shares relatively quick on the slightest drop.
Now somewhat comfortable with this logic the MMs merely short sells into the buying and attempts to take the stock down in an effort to "shake out" the weak. Since it is tough to know for sure whether a move is the beginning of a trend, or a routine shake out, this type of deception works quite well for the MMs. What the long-termers do to a stock is surprise the MMs because instead of falling, the shorting has no effect and the price goes up. Now that puts the MM at selling low through shorting and thus having to buy high in order to cover.
Boy, when this happens, the MMs are not very happy campers. The investors and traders aren't supposed to be doing that to them. Now it becomes time to pull out every trick and tactic in the book in order to attempt to get a Bear Raid at every dollar/cent mark or percent from where the stock started. Could be a fraction of a penny in smaller priced securities. What MMs do is give you a chance to make a small amount of money for your momentum and day trading style by shorting it at these levels and trying to get a bear raid each time. Each failure is compounding the MMs short position so they let it go to the next level. Now come more deliberate tactics MMs use to coerce Bear Raid or panic selling.
Once the MM is caught short and the strength of the buy is overpowering the MM will want to cover his short position. So the MMs call up one of his friendly MMs and says some like "the weather is sure rough today." The MM along with the other "friendly MM initiates a down tick about the same time. Now this can also be done with a certain amount of shares such as an infamous 100 shares flag. This down tick gives the illusion of weakness designed to hopefully begin the bear raid of selling. The fickle, fearful, day trader, momentum and short term begin to sell out allowing the MM to cover his short position at lower prices. They will move it down quickly to get it to a price of least financial damage. Problem they have is long-term investors in the OTC BB / PS. They start accumulating and buying comes flying in when they take it too far thus the MMs took it to the point of volume again and not only investors the other MMs step in the make money on the spread.
Alas the poor MM does not get to cover. Now comes various tactics like stalling, boxing, or even locking the Bid and Ask for a while.
Of course, MMs aggressively deny any sort of collusion designed to fix quotes or spreads.
MMs have a vast resource of tactics and it would take probably more than a lifetime to figure them all out.
So how do investors somehow manage to overcome the obvious deception in OTCBB arena? One answer is indirection trading style by going long which the MMs do not expect. In the war between investors and public companies on the OTC BB / PS vs the MMs, if the MMs have all the advantages due to position or other factors, direct confrontation such as momentum or day trading hitting the stock is a definite death sentence.
However, an indirect approach tends to weaken the path of least resistance before slowly overcoming it. The most effective way is long-term investors slowly accumulating and holding thus drawing the MMs out of its defenses making them as naked as their short position. This is war so this slow accumulation and holding for the long term easily achieves the desired effect to force MMs to cover and knock off the tactics or bury themselves deeper.
The MMs when caught will especially use every trick and tactic in the book to get a Bear Raid thus playing on the individual fear of most people. The MMs feel they have information and position advantages over the investors as long as the holding of the stock is in weak hands or short term holders. Since they are OTC BB MMs who believe all OTCBB companies are not worth investing and management is ineffective regardless what is happening within the company. Furthermore, MMs know they are in the position to impose a great deal of influence in OTC BB stocks trading when it suits their needs.
This inherent power of position enables the MMs to move the markets at any time up or down. As a result, the only way to draw them out of their favorable position is going long. Now this does not mean just any company but to effectively nail the MMs, Longs must find the great company on the floor and accumulate long before the MM tactics and games begin.
This requires extensive research to find such a rare stock, but once you have found it, you are one up on the MMs so be prepared for every tactic in the book
Posted by 05' = cash on :
$20, good lord thats alot of money
Posted by amanick1 on :
Thankf or the info very helpful. I have bunches of this stock and been holding for a long time I just never seem to want to sell under the year high. I was actually thinking of buying more but not sure what to make on it any longer
Posted by justplayin on :
I hope the info was helpful. That is what this board is all about, helping eachother.
GLTA
P.S. That long novel about mm's was not mine but cut and paste from another thread on this board.
Posted by amanick1 on :
I dont care where it came from I got more out of it then mostly anything else on this board so far since I been here and I always love to learn new things other then how to lose money hahaha
Posted by NomarKash on :
I really thought more people would buy in today since the E dropped off.
Posted by forest on :
normar...they havent released anything on the PR side to say that the E dropped off...hence not alot of people knowabout it...only the people in it already Posted by amanick1 on :
going to go in a matter of time
Posted by NomarKash on :
quote:Originally posted by forest: normar...they havent released anything on the PR side to say that the E dropped off...hence not alot of people knowabout it...only the people in it already
True, lets go PR!
Posted by Jonathanlb8 on :
This is a pump and dump, watch out folks.
Posted by amanick1 on :
what are you basing that on Jonathan?
Posted by pagal on :
MOving 0.017 Go Go
Posted by NomarKash on :
quote:Originally posted by amanick1: what are you basing that on Jonathan?
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