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Topic: Who wants to go bear hunting?

BroBro
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posted

quote:
Originally posted by keithsan:
Thanks FS,
I've been watching and you seem to know your stuff. By the time I investigate something your already in it.
I teach during the day and crappy computer wouldn't handle otc charts so am very jealous.
Thanks for your insight and I will only bug you if absolutely necessary.
Keith

Keith, we are in the same boat bro. My comp @ work is a joke and I desperatly wanna use the OTCharts and streaming L2's. For now I rely on tips and Techinal Analysis. I gotta upgrade soon though cause this system I use of relying on tips is gonna burn me sooner or later.

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glassman
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NITE is a company that --if i read their SEC filings coorectly--has sold 2.5 or so billion dollars worth of securities without buying them--please correct me if I am wrong-------------

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Fallstaff
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NITE is THEEEEE MM of the BB...He runs the show seconded by SCHB who is a far second. Without NITE the rest of the MM's couldn't handle the volume of some of these stocks...so what does that tell us. If you follow NITE on the bid/ask you can sometimes tell what might happen next. For ex. if a stock started to pick up volume and NITE was stacked up on the bid with a few other MM's then the stock is heading up strong, but watch how NITE handles the ask and you can get a feel for where your exit may be. If a stock started to pick up vol but NITE was sitting on the ask, that stock's price might just stay put, because NITE is holding all the shares and feels like selling them at that price allllll day. This takes a lot of trial and error to get the feel of MM movement, but if you treat them as your friend and not your enemy you can REALLY make some $$

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bibinje
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thanks fs,i'll have to hit the books and hopefully one day join you guys with the fun

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glassman
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Whoever sold me the 9K @ .028 shares this morning bought them @.027-- seconds before/after they sold them to me?-----that tells me that the MM's are not willing to go into this stock--it is very closely held---------

[This message has been edited by glassman (edited February 13, 2004).]

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Fallstaff
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Ahhh, I just sold my 19K and the mm's made sure that they sold it to someone else right away. I'm intrigued why they don't want to hold ANY shares of this company...

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BroBro
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Why do you guys think there avoiding this?? What could they be afraid of? --
Fallstaff, Im glad you said that cause i noticed NITE was on the inside bid/ask of alot of OTC stocks i researched today. This could be very helpful, Ill keep watching it! thanks

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glassman
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This company is one of the few pennies that really uses black ink on their books-- they don't want to get caught in a run cuz it ain't coming back down-----
They are into collecting parking fees and fines thru cell phones and other parking fee collections. Having lived on or around college campuses almost my whole life i know how much money is in this game--they have Fresno State(?) already on the customer book and a lot of biz in Puerto Rico-- they just hired more marketing help---look hard at this one guys/gals---this is a REAL company --i don't post links---think about this--i hate typing --i wouldn't be writing all this for fun--------and i picked this one in particular to test my theories on MM activity cuz i feel very safe in this under .035$

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BroBro
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Hmmmmm....

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