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Author Topic: SNFX mystery spike,,,someone explain?
beechwood
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SNFX.
An outfit with a unique high-tech gadget
designed to "sniff" out explosives that
give off nitrates and/or radon emissions
or vapors.
Such explosives would include those that
were to be improvised and mixed on board
the 10 aircraft to be blown to bits over
the north Atlantic this past week.
This gadget would very likely have detected
the vapors given off by these mixtures no
matter how faint.
Why this product hasn't been put to good use
before now is another story.

But the story of these 10 planes broke Thursday.
On a five-day chart you see that on Tuesday
the price mysteriously drops from .33 to .04
for a narrow window of barely an hour then jumps
right back to where it was at .33 or so.
Before that it has been in a state of decline
since it's IPO almost a year ago.

My question/point is why would the pps drop
so sharp and suddenly only two days before
the story of the intended terrost plot
broke the news?
Yes, you see these "ghost" spikes/drops all the time.
I asked my broker about them and he said they're
merely a "glitch" in the system.
A "glitch"? - on the heels of the bombing plots?
Was the pps manipulated to accumulate shares
BEFORE the story broke?
And if so, why for SNFX?
Is this poised for some sort of explosive rally?

The hour of the huge drop in pps doesn't show
any extrodinary volume besides normal buying.
So what gives here?
What explains this in light of recent news?
I love a good mystery.
Steven King is one of my favorite authors.
But the mystery of these short lived, or even
instantaneous, spikes & drops rivals even the
best his novels.

Posts: 669 | From: Gouldsboro, Pa. | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
Dark Horse 7092
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You know what, I've always wondered about those mysterious spikes myself. Your mystery spike is very mysterious since it happened for an hour...I always thought the "fat finger" spikes were usually MMs playing with us. But fat finger spikes return to the normal price the next trade, usually. I really have no idea about your hour-marathon spike.

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I'm a dark horse, running on a dark race course.

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beechwood
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Indeed.
I've seen this phenomena many times.
I once owned 50k shares of MRKL at .01 or so.
I had a sell order in for .08
At one point one of these "mystery spikes"
appeared for maybe five minutes or so and
I watched this thing skyrocket to .24 .
Did my low sell order execute? -- nope.
I called my broker and he blew it off as a "glitch".
An error in the system.
Some system (I was ready to dump it).
Yet I saw the balance in my account increase
to the level it would've sold as I watched
the real-time screen.
Yet it didn't credit to my account.
I think you're right in that these are mostly
insider MM moves on the trading floor to
simply accumulate or manipulate price to
their advantage.
Why the SEC doesn't put the lid on this
is yet another mystery.
Some in SEC enforcement were once MM's themselves.
Makes you wonder doesn't it.

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Dark Horse 7092
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There's probably a great excuse for every one of their games. That's probably why the SEC allows the MMs to get away with so much. I wonder...if MMs want a chocolate candy, do they eat themselves?

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I'm a dark horse, running on a dark race course.

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jdg257
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You are looking way too far into this, Its simply a fat finger. Someone typed in the wrong price (.033 instead of .33). It happens all the time and is in no way a MM conspiracy. The only reason it stayed that way for an hour is SNFX is a very thinly traded stock and not another trade went through. It was merly one trade at .033, no big deal, and no conspiracy.
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beechwood
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jdg257:

That's interesting.
I can see how that might happen.
So if the MM typed in the wrong price
(.033 instead of .33) did the buyer
on that trade, in fact, get SNFX at
the bargain price of .033?
I would think someone eats the tab on that one.
Does the MM absorb the difference?
Is it deducted from the trader's account?
Or does someone walk away with an instant
10x bagger when the price kicks back to
the correct quote?

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madmoney
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quote:
Originally posted by beechwood:
jdg257:

That's interesting.
I can see how that might happen.
So if the MM typed in the wrong price
(.033 instead of .33) did the buyer
on that trade, in fact, get SNFX at
the bargain price of .033?
I would think someone eats the tab on that one.
Does the MM absorb the difference?
Is it deducted from the trader's account?
Or does someone walk away with an instant
10x bagger when the price kicks back to
the correct quote?

it was an error, either the buyer/seller made a misteak or the broker made a misteak either way the trade would be cancelled as if it never happened. the trade would have been executed at the correct price, buy or sell. no one eats the tab/no one gets a ten bagger!. this type of thing actualy happened to me, I sold at 1/10th the bid! it was a typing error on my part! they did execute my trade but a sixty second phone call to my broker cancelled the trade and executed it at the corrected price.
Posts: 2503 | From: connecticut | Registered: Mar 2005  |  IP: Logged | Report this post to a Moderator
   

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