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Author Topic: The Big Breakouts N Jan. R Making Feb. a bloody month?
blackice318
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Yesterday I found nothing on my radar that made me want to jump out and grab it. All the ones that may be on watch list have me reluctant to pulling the buy trigger on any of them. Is anyone else noticing Feb. to be a bleeding month for stocks?
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blackice318
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JRSE-Bleeding
RWNT-Bleeding(S-8 Issued)

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glassman
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YES! the markets are nervous over how the MM's are going to transition to the new naked short rules--and the powers that be are trying hard to keep the market low till the MM's get everything in order--we are going thru the eye of the needle--LOL i hope


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old mullet
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it sure has been a rough start. if this keeps up, my tickets on the queen might become a travel dvd. it always seems to come back though.

this is some uncharted territory with the mms under the microscope. it will be a radical change in trading ant ta, especially for penny investors.

uncle milty


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blackice318
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Honestly I dont know exactly what short selling is. Apparently I havent been affected at least I dont think I have,i've been profiting. So once this short selling comes to end does this make the stocks what less volatile,i still think the Charting Techniques will be useful whether it continues or stops. Im not quite sure how this would affect the market.Someone please explain.
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clay1999
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LOL... only stock I have not trading in the red IS CMKM......lol
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glassman
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GONT is black but it should be up 25% more today no lol
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Purl Gurl
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I am beginning to view an increasing amount
of market manipulation by Market Makers.

Another perspective, for what is not worth,
perhaps Market Makers are making their last
bids at ripping off the public? Otherwords,
they are stealing as much money as they can,
while they can.

Don't know why. This new NASD rule changes
nothing. It is a toothless rule with all
enforcement placed in the hands of crooks.

I have been watching the board on several
stocks to attain an idea of what is happening.

What I see is heavy activity by Market Makers
shorting stocks on the downtick, which is
illegal but still rampant with no enforcement.

Strikes me it would be easier to simply mail
our money to Wall Street. Lot less anxiety
knowing our money is simply gone, rather
than having to suffer watching it be slowly
bled away by Wall Street.


Purl Gurl


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realityinc21
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quote:
Originally posted by clay1999:
LOL... only stock I have not trading in the red IS CMKM......lol

MY SELL ORDER FOR CMKM FOR .0001 SINCE END OF OCTOBER 2003 STILL HAS NOT EXECUTED. LOL

GLAD I ONLY GOT SUCKERED IN FOR 500.00. I KEEP SEEING PEOPLE BUYING IT. HAS ANYBODY EVER SOLD IT IN THE PAST FEW MONTHS??

------------------
DIANA


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glassman
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My AAA list only shows GE and MMM black GE barely and MMM went down so bad last week (on a positive earnings report mind you )it had to go back up
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Purl Gurl
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I am seeing this too, Glassman.

Stocks falling even with "true" good news
being released, news even as early as today.

Go figure.

Purl Gurl


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blackice318
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Oh my....JRSE .016 x .023. Is this also short selling?One sell order at .016 and this thing has broken the base and will drop below bollinger band and...who knows what else.
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glassman
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BI if you watch realtime streaming quotes you can see how they do it--the big #of shares traded is on the ask but the little number of shares is on the bid--people don't see the volumes on the charts-- what they see is a lower bottom and they get nervous so they sell more on the bid to bail-- then the MM drops it some more and the process starts over--you have to watch one stock carefully to see it- i am also seeing a lot trades go thru outside the bid and ask which i have seen only a couple times in the last seven months until late last week-- now i'm seeing it all over the place and i watch a hundred or more stocks.i thought my Scottrade was broke-- but no-- this is happening all over.
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blackice318
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DUDE I'VE BEEN A VICTIM THEN! A few stocks I sold i usually places a fraction below the ask. And I've seen like a few hundred thousand orders go before mine when my sell price is cheaper.
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old mullet
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quote:
Originally posted by clay1999:
LOL... only stock I have not trading in the red IS CMKM......lol

that IS funny.

UM


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Randy803
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I am new but even I can see something isnt right here. I am doing my DD like on CTKH and it looks ripe but it continues to fall? It doesnt make any sense except for what Purl Girl says and I am agreeing with her 100%.

[This message has been edited by Randy803 (edited February 04, 2004).]

[This message has been edited by Randy803 (edited February 04, 2004).]


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Purl Gurl
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Precisely, Glassman. Your observations are
right on target.

I am sitting here watching the same events
for stocks certainly different than you
are currently watching.

Many times I have written about this activity.

Shorting on the downtick is strictly forbidden
but they do it anyhow. When I say "they" this
is literally all Market Makers, no exceptions.

Market Makers are a bunch of crooks.


Purl Gurl


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old mullet
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di, a couple of people sold as an experiment. microdaytrader did and i feel confident in his honesty. i think it was a net loss with the commission if i remember right.

undle milty

quote:
Originally posted by realityinc21:
MY SELL ORDER FOR CMKM FOR .0001 SINCE END OF OCTOBER 2003 STILL HAS NOT EXECUTED. LOL

GLAD I ONLY GOT SUCKERED IN FOR 500.00. I KEEP SEEING PEOPLE BUYING IT. HAS ANYBODY EVER SOLD IT IN THE PAST FEW MONTHS??



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blackice318
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Honestly, I dont feel like getting burned trading these stocks. I can afford to sit out a day or two.
Today was Day 1

Im going to do some stock scans but various stocks are breaking baselines, making it hard to determine a buy price In my opinion. They are bleeding badly.


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old mullet
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glass,
i watch and trade 4-5 stocks that are moving almost every day, all day. i watch the intraday charts and level II like a hawk and i agree that there is allot of funny stuff going on lately. i seen lots of sells below my aon bids and sells above my aon sells. ameritrade can't explain it except to say the trades are between mms.

uncle milty

quote:
Originally posted by glassman:
BI if you watch realtime streaming quotes you can see how they do it--the big #of shares traded is on the ask but the little number of shares is on the bid--people don't see the volumes on the charts-- what they see is a lower bottom and they get nervous so they sell more on the bid to bail-- then the MM drops it some more and the process starts over--you have to watch one stock carefully to see it- i am also seeing a lot trades go thru outside the bid and ask which i have seen only a couple times in the last seven months until late last week-- now i'm seeing it all over the place and i watch a hundred or more stocks.i thought my Scottrade was broke-- but no-- this is happening all over.


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PAUL
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Are there any type of quaterly reports that are due this month.

I was thinking things were to come out around the 15th.

Maybe this is the reason for the lul.

PAUL

------------------
But godliness with contentment is great gain.
For we brought nothing into this world, and it is certain we can carry nothing out.


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glassman
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Maybe this is the reason for the lul.

PAUL

[/B][/QUOTE]

Last week the FED rocked the market by changing the wording on how it plans to handle the next interest rate adjustment--this couple of words told everyone to expect this drop or triggered it depending on how you look at the markets--but why did they do it is my question- i think we are seeing a short retracement-- we have been getting hints on Bloomberg--you have to listen closely--they don't come right out and say it. It will be over soon-- the sky is not falling strong hands will be happy-- weak hands will be crying--DISCIPLINE and trust your DD--


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waterwitch
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All I can say is that for someone who is new at this and is trying to learn how to read and interpret charts and market trends, this is all very confusing. It's almost to the point of being funny. The only good thing about it is that all my discretionary money's tied up in stuff that is kinda laying around doing nothing so I can't get into any more trouble...for a while. heh heh I say it's a good thing because everything I'm playing on paper is tanking! Ha!

Boy, is my face red!! Oh...it's the reflection from my 'watchlist'.

Beav


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denzen
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A hearty lol!
Good luck and patience

/
/

quote:
Originally posted by waterwitch:
All I can say is that for someone who is new at this and is trying to learn how to read and interpret charts and market trends, this is all very confusing. It's almost to the point of being funny. The only good thing about it is that all my discretionary money's tied up in stuff that is kinda laying around doing nothing so I can't get into any more trouble...for a while. heh heh I say it's a good thing because everything I'm playing on paper is tanking! Ha!

Boy, is my face red!! Oh...it's the reflection from my 'watchlist'.

Beav



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EDDREAMS
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Out of my 12 stocks, only IBZT went up, not to the price I pay for but up anyway, the rest either stay the same or down. Since I have no more playing money and refuse to sell on a loss, insted of looking for any other stock for the future, I better go and wach any game on tv (and fall sleep like always)
So far I am still 40% above so does not hurt so much, just collecting more patience
ED
SOONER OR LATER I WILL LEARN

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blackice318
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Im getting a late start on my scans, but I'm going to search and see if theres any fishes in the sea.EEDREAMS, I think Im doing the same as you collecting patience.
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killpack
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I don't know if this has to do with anything but pjtg today showed .275 current price .270 as the ask-just a glich?
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glassman
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[welcome to the board killpack-- no it's not a glitch in YOUR system---it seems tobe a glitch in THE system-- all will be well soon----nobody can afford the markets to come apart in an election year--what party does Bill Gates represent?--(i really don't know)


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old mullet
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when the tide is out on it's monthly lows, it is a good time to look for great shells.

uncle milty

quote:
Originally posted by EDDREAMS:
Out of my 12 stocks, only IBZT went up, not to the price I pay for but up anyway, the rest either stay the same or down. Since I have no more playing money and refuse to sell on a loss, insted of looking for any other stock for the future, I better go and wach any game on tv (and fall sleep like always)
So far I am still 40% above so does not hurt so much, just collecting more patience
ED
SOONER OR LATER I WILL LEARN


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waterwitch
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Ok - am I understanding the theory correctly?

The new SEC rule is causing the MMs to suppress the prices so they can load up because they know on the 20th they'll have to let them fly and then they can sell for a profit.

Is that close, a little off base, or not in the ball park?

Beav


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waterwitch
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when the tide is out on it's monthly lows, it is a good time to look for great shells.
uncle milty

On the Florida beaches a common sight is a little old man holding a bucket standing next to a little old lady with her butt in the air...


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PsychoMonkey61
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lol.. out of my one stock i am losing out the ars

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glassman
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quote:
Originally posted by waterwitch:
when the tide is out on it's monthly lows, it is a good time to look for great shells.
uncle milty

On the Florida beaches a common sight is a little old man holding a bucket standing next to a little old lady with her butt in the air...


Captiva and and Sanibel one of the best places in Northern Hemisphere for shell gathering--One time I grabbed a skate with the crab tongs and it it electrocuted me--No BS--Torpedo Ray--we looked it up when we got home--LOL


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emunahstock
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I think the reality is that we can't even imagine how much they naked short. It is beyond our wildest dreams the figures involved. I plan to have all the money I can trade out there when the rule goes into effect.
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glassman
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The MM's in pennies rarely have the the stock they sell you--they have to buy it after you buy it(nothing) from them--they are trying to hold down and force down these stocks to make more profit than commission
PLAIN AND SIMPLE


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