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Glassman, shhhh... don't say a word. I am enjoying watching dozens of people visit our server to have a look, then form an opinion of me, based on something found elsewhere around here. http://www.purlgurl.net/hilltop.jpg
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Yes, Dennis, I am watching those evil Market Makers holding low price sells until market close.
However, they are pushing prices back up now having bought all the low price stuff.
You would think we would wise up to their tricks.
I am hoping for some rebound. A lot of profit takers are sold out, not all, but a majority. Problem is overall market conditions, and those conditions will worsen before improving.
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Dennis, an observation for you, one of which I feel is somewhat dubious, but serves as some entertainment during these bad times.
For several days I have watched Market Makers send through signals to raise prices, yet there is no response; prices remain the same or continue to fall. Today is no exception. I have watched a half-dozen or so signals come through to push prices up.
Back when we first fell into this trap, Market Makers were setting up RNDC for illegal down tick shorting. They certainly fooled a lot of investors, self included.
Now they are trying to push prices up to double end their profits, but are failing.
How all of this ties together is those Market Makers unknowingly so destroyed the value of RNDC, none are willing to invest; no confidence.
I constantly comment on how ignorant are Market Makers, how they know nothing about investing nor economics. Their greed over the past several months, this illegal shorting of a vast majority of stocks, both are contributing factors to our recent market crashes. They are not to blame solely, but events do reinforce this concept, Wall Street in general, are amongst the most ignorant and least talented of all "investors" in markets.
Rather ironic humor knowing so many admire and worship the gods of Wall Street.
There is no J.P. Morgan today, there is no Hetty Green today. Today there are only ignorant criminals populating Wall Street.
Purl Gurl
Editing to remove a typical Okie grammar error.
[This message has been edited by Purl Gurl (edited March 11, 2004).]
Dang I thought you were in charge of the entire market wow thats another downer LOL. Well I hope for your sake and mine that they are able to push it back up alot of blood in the streets for me all my stocks have tanked in the last two days Im thankful that none of them are on margin Im sure some people are getting calls the last few days at least im in a position that i can hold and wait dang here we go on that patience thing =-) boy im getting good at this.
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I am very interested in RNDC. I have a BIG question for PG. How can you tell if a Market Maker is Shorting a stock not Selling a stock. Does it say at ASK that it is a short or sell?
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Do note when I use the term "Market Maker" this is not limited just to them. In my view Market Makers are headtraders, brokers, specialists, Wall Street in general.
Detecting shorting is not easy, in fact, it is very difficult and often an investor, including myself, will be wrong.
No, there is nothing which flashes in red stating "Short Short Short."
Making a decision shorting is taking place is based on a collection of circumstances and noting of events over time, often over a time period of several days to a week.
Sometimes shorting is so obvious, you will know in a matter of only a few minutes.
One symptom of shorting is value of a stock suddenly dropping a significant amount when there is no reason for a drop. This is very true with value stocks.
Another clue is a sudden showing of very low price sell orders, lots of fast buying, all within the last thirty minutes of market.
A series of events can point to shorting, such as early day buys at high prices for a large volume, then volume drops off with a slow series of very small buys, perhaps one-hundred to two-hundred shares for low prices which increment downward, most often to a point twenty cents per share below opening prices, then sudden high volume buying at those low prices, again, very near market close.
There are many other signals which would require a book to cover.
Detecting shorting is a bit of an art and is questionable at all times. Only those with direct access to the paper trail for selected stocks can actually prove shorting.
There is a type of shorting which is very common and takes places thousands of times each trading day. Each act of doing this is federal felony, an act of trading based on inside information.
Market Makers are privy to inside information. Our buy and sell orders end up on their desks, albeit an electronic desk. Each Market Maker knows the details of each bid and ask order. They also know the range of prices.
Market Makers will hold low price sell orders until almost market close. During the trading day, they will "steal" shares from accounts, your account, any margin account. They will sell your shares at high prices based on those bid orders they hold. Late day, right around market close, Market Makers will buy all shares at low sell prices, then use those shares to replace shares they took from you.
This results in instant profits for those Market Makers and losses for all investors.
Why this is a federal felony is Market Makers deliberately hold low price sell orders then trade based on this inside information. They are not conducting bonafide Market Maker activity, they are illegally trading.
This type of shorting, illegal trading based on inside information, takes place thousands of times each trading day. Each single trade of this type, is a unique felony. It is safe to assume tens of thousands of felony crimes are committed each day by Wall Street.
My personal estimation is at least eighty percent of those we know as "Wall Street" are felons, yet to be charged and convicted.
However, the major criminals who cause the most harm to American families, are the SEC and NASD along with other regulatory bodies of that nature. The SEC, NASD, others, are engaging in acts of deliberately ignoring crime and actively engaging in covering up those criminal acts which occur each day.
Nonetheless, today there are hundreds of criminal complaints and civil actions being pursued by "us" independent of the SEC, NASD and other regulatory bodies.
Detecting shorting, this is not easy, prone to error and requires extensive knowledge of and experience in stock trading. Shorting is also extremely difficult to prove by those of us here outside of Wall Street. For that reason, difficulty of proof, Wall Street abuses the system for their own greed, each single day of market trading; they know they can get away with it, and do.
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Dennis, you will want to look through this RNDC 10Q filing today. It is very good as was expected. Nice jump in prices today and I expect prices to continue climbing for a good period of time.
It would be of no surprise for RNDC to well exceed 3.00 per share within one to two months.
Watch prices close. If RNDC moves up to a level of 3.00 per share within ten trading days, this would indicate a "hold" position for higher prices.
I have a new thread for RNDC so we can move back on topic and limit discussion strictly to RNDC stock. Look for that thread and post there.
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I could say your "short finding" is 100% wrong. It is very possible the sales are from longs. Longs can buy 100k share during the day then use 20K to push the price down for the next day.
By the way, the 2.62 close 2 days ago was made by me using 10K block to buy to push the price high. I also made 2.74 close 1 week ago with 10K shares. Making a close price is pretty easy.
My purpose is that: I got 30K shares then. I don't want to see it fall, so I push the price high, but bigger guys try to push it down. But I am haapy because I have 50K shares now, and I will add more. Still have money for 15k more.
PG, I like your picks. What do you hold now? GUSH.OB and RNDC? I bought gush at .5 and sold at .88
I just sold PARL for 200% gain and got in RNDC. I can see 50% at least in RNDC by end of 2004
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Yes, as I indicated decisions on shorting can be in error, as a general rule. There is not enough data available to be certain and usually you have to watch a stock for several days, a week, to be relative sure.
On RNDC shorting, the evidence was simply overwhelming, very obvious. It was not frontloading, it was outright illegal trading (shorting) based on inside info.
Private investors can manipulate prices. Many do this, I have done this as well but usually to drive prices down for accumulation, then move prices back up to play fair.
Manipulating prices is very risky and best left to power players who can afford to dump thousands of dollars to gain later. In a sense, those in a Market Maker status. Most often, private investors lose money trying to manipulate prices.
Most of my holdings are value stocks. Early year I started dumping speculative stocks and moving into value stocks for safety.
RNDC was to be a near term play but events turned that sour. Dennis and I have worked LQMT and STG in the past. Both of us are surprised by how high those two raised. On the fall now, however.
ALMI, BSIC, GUSH, HOM, IESV and NWD are value stocks I am holding for long term.
I may elect to hold RNDC for the long term because it is a value stock, a safe stock.
Others are mildly speculative, and probably will be dumped at break even or slight profit when markets recover.
Currently working some gold stocks for very near term, a matter of a few days.
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