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Think i'm beggining to see what you mean , some peep crap out at 100 per , and crash the party , it may be a bit shortsighted . But a profit is profit regardless .
Posts: 734 | From: Nassau County | Registered: Jan 2005
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It may be a party or casino for some traders, but others are trying to make a living. I have been burned enough times when I went for the 'brass ring' to know that greed is my enemy.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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Well, i must admit today was a real lesson in strategy! looking forward to playing the pennies again. Thanks Mr. Mo, & Ktrain, don't think you're not appreciated!! now, if somebody can tell me why GONTE is staring back at me with a smile.
Posts: 200 | From: San Bruno, Ca. USA | Registered: Jun 2003
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what's the deal when a transaction goes through between the bid and the ask ?
Posts: 734 | From: Nassau County | Registered: Jan 2005
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not sure....but she's slippin.....someone please grab her and pull her back up
Posts: 110 | From: Louisiana | Registered: Mar 2005
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1 MM away from .10 Hit nite at .07 he only has 15k of shares, He sent a 1k signal out which means he will move off with buys. The MM want this to run.
-------------------- MoMo is what rules pennyland! Not news! Posts: 269 | From: Check my IP | Registered: Apr 2005
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seems like the ask is poised to run , its that volume thing thats holding it
Posts: 734 | From: Nassau County | Registered: Jan 2005
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Yeah no buys... Hopefully it will gap back up on monday so people can make some more money. Because this company is undersold. This company is worth so much more then what it is and the MM are holding the bag on this one so I know we can get more profits past the 10's
-------------------- MoMo is what rules pennyland! Not news! Posts: 269 | From: Check my IP | Registered: Apr 2005
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there's still just under two hours left , maybe someone will want to play it before the weekend , one last time .
Posts: 734 | From: Nassau County | Registered: Jan 2005
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This is how it works. If you know how many shares NITE is holding you can hit him. If he doesnt fill you then he hasto move off the ask price 60 seconds by SEC law. But now he is holding more shares but as I said they are in red right. This would be the prefect time to consider stocking up again. If this stock gets 20 straight buy chances are it will hit .10 again and then thats where we will have fun. Sorry about the delay. I was on the phone with a company that I have called last week and they just returned my call today. I am looking at big things for this company so hopefully she can give me the info I want to hear. But BXTRR level 2's is still sick.
-------------------- MoMo is what rules pennyland! Not news! Posts: 269 | From: Check my IP | Registered: Apr 2005
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yes , it's just waiting for some encouragement , this is a chance to nail em' , hard .they're letting them off the hook . this thing is thin and they were running scared , time to go for the knockout punch
Posts: 734 | From: Nassau County | Registered: Jan 2005
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I am still confused, how does the selling the stocks work. I mean, had I invested 55,000 shares today when it opened and sold them at .13, i would of made over 6 grand. I want to know would I have got all the shares sold just by selling or does it work in incretments of 5,000. I have read that some people have been waiting for a while to sell thier shares. Great pick by the way MoMo
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If you have an order to sell at .13 or whatever, just because the price pops to .13 doesn't necessarily mean you will sell yours. Obviously there has to be a buyer, but if the buyer gets filled by another order, the price can and will drop lower. You have the All Or None option which wil get all your shares sold in one lot, as long as there is a buyer to buy them. If you dont choose AON then you may get a 'partial' fill of your order. (This is from a dummy so take it for what it's worth).
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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quote:Originally posted by DPDBLUES: I am still confused, how does the selling the stocks work. I mean, had I invested 55,000 shares today when it opened and sold them at .13, i would of made over 6 grand. I want to know would I have got all the shares sold just by selling or does it work in incretments of 5,000. I have read that some people have been waiting for a while to sell thier shares. Great pick by the way MoMo
naw .. it doesnt work in increament of 5,000 most likely you will be able to see all. In one trade
Posts: 218 | Registered: Oct 2004
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If some one has a buy at .13 for 55,0000 then you would have most likesly sold them ...however, just because yo want to sell when it hits .13 does not mean that there will always be buyers at that price.... Remember, you need a buyer for every sale...
If you really wanted to just cash out, you could just look at the bid and sell at that price rather than the ask or last....at least you know there are buyers waiting at the bid.... this however is frowned upon by others that are still in the stock as this will drive down the pps to the bid level and can stall a rally...
Posts: 175 | From: Norwalk, CT | Registered: Apr 2005
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Thanks for the replies. I have a better understanding of the process now. One more ?, what company do you guys recommend (e.g Scottrade, ameritrade, choicetrade) thanks again.
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I use Ameritrade and like it....but then again I've never used any other service so I have nothing to compare it to...
Posts: 175 | From: Norwalk, CT | Registered: Apr 2005
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It was a good day for all involved! thanks Mo. Have a great weekend & see ya Monday.
Posts: 200 | From: San Bruno, Ca. USA | Registered: Jun 2003
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I don't think you really understand what happened with BXTRR. When people sold at the BID they would drop it real fast so everyone can panic and sell.. Then when the sells stopped what happened? I bid went right back up while the ASK remind unchanged. Why sell your shares when there is still Momo in the stock. Dannzon I am sorry but it seems like you are promoting sells at the BID. When you make a sell do you know who picks it up? The dumbarseee MM and they get stacked with shares which we have to later take from them to keep the trai moving. If we all held do you know what would happen to stocks such as BXTRR? PR gets released and and then even more people jump on the stock. So selling at the BID is a Sin. If you sell at the BID its first off you make less money compared to if you waited for a buyer to sell to at the ASK. There is nothing wrong with people trying to take profits but why Bid hack when you can just wait for a buyer and make even more money. Look how high BXTRR moved. Weak level 2's News and MM were only sitting on 40k of shares each. =)
-------------------- MoMo is what rules pennyland! Not news! Posts: 269 | From: Check my IP | Registered: Apr 2005
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makone, 5 stars is the kiss of death, there are exceptions. Many times you will notice people with 5 stars don't know they're azz from a hole in the ground...
I prefer Mo Mo as a no star super star,,like myself!!!..No stars shall rule the world!!!!
sometimes we can make the market makers sweat a little.......Sorta like the peasants rising up against they're masters!!!! REBELLION
Posts: 10729 | From: oregon | Registered: Feb 2005
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i have an issue here : My broker does not accept either BXTRR & WAVAP , he advice that his system can not accept the tickers . is he corret !
MoMo should be rated : 5 stars
thanks
Hello, Whats brokage company do you have? I use Ameritrade and I am on a quest on making the MM lose money every single pick we run. Because they are getting fat off of investors who don't trade the correct way and its time we try to put a change to it....
-------------------- MoMo is what rules pennyland! Not news! Posts: 269 | From: Check my IP | Registered: Apr 2005
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i have an issue here : My broker does not accept either BXTRR & WAVAP , he advice that his system can not accept the tickers . is he corret !
MoMo should be rated : 5 stars
thanks
Ameritrade seems to be the best as far as not limiting the securities you can trade. scottrade is pretty good, but has some limitations on some securities, although not wavap nor bxtrr (stocks like CMKX, SEIH and others). I've not used choicetrade, so i don't know if they have any security limitations.
-------------------- FurrySound -DD-GLTA-Unless I've quoted a source, I know not what I speak of. YahooIM=FurrySound Posts: 2170 | From: Pennsylvania, USA | Registered: Mar 2004
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