quote:Originally posted by SherriT: Don't you know someone is hating themselves for that missing 0...
Fat finger is done be the MMs logging trades into the computer. A buyer cannot buy that high, above the market. If you put in a buy at 0.008 instead of 0.0008, then you'll only buy at the ask. So the fat finger is a mistake done by the MM, or purposely to skew charts.
-------------------- Before you criticize someone, try walking a mile in their shoes, then when you do, you'll be a mile away and have their shoes. Posts: 1450 | From: TX | Registered: Feb 2006
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quote:Originally posted by Schwabie: No, when I pull a chart for the stock... that fat finger just messes it up because it is so far off.
See what I mean?
quote:Originally posted by Squire38:
quote:Originally posted by SherriT: Don't you know someone is hating themselves for that missing 0...
Fat finger is done be the MMs logging trades into the computer. A buyer cannot buy that high, above the market. If you put in a buy at 0.008 instead of 0.0008, then you'll only buy at the ask. So the fat finger is a mistake done by the MM, or purposely to skew charts.
THANKS. SINCE NOBODY BELIEVES ME ANYWAY
IF A PUMPER SAYS IT EVERYONE IMMEDIATELY BELIEVES THEM
LMAO
SQUIRE, I AM NOT CALLING YOU A PUMPER... I WAS JUST MAKING A POINT.
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven Posts: 3255 | From: Orlando, FL | Registered: Mar 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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quote:Originally posted by RWGATORBLUE: I'm a counselor, so my job is to read people. Their posts say they only do it because they're trying help people avoid being scammed, but the tenor of their posts doesn't show caring and concern only a kind of glee from drawing attention to themselves.
GO GATORS!!!!
Wondering what kind of reading I got......
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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mm's match a buy and sale, sometimes they will give you the lowest price they can, but dont count on it.
Posts: 6397 | Registered: Jan 2006
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I was an OTC MM for about 10 years ending in the late 80's. Since then I have been strictly an investor. Since I have not been that up to date in MM rules I will only make statements that I feel fairly confident are still accurate regarding these activities. By and large most MM don't have a clue nor do they care to learn, about the fundamentals of the stocks they trade.
They just try to make orderly markets. When dealing with BB stocks it is very easy for a MM to get trapped into being short in dealing in a fast moving market. Reason being; most of the MM's in this stock are what are called "wholesalers" this means they don't have retail brokers "working" the stocks.
So they have to rely on what's known as the "call" from larger retail houses. If a "Big" retail firm like an E-trade calls up a market maker to purchase say 5,000 shares of a stock, they expect to get an "execution" from that market maker. If he turns them down, or only gives a partial then the "Big" firm will go to another MM.
If this second MM "fills the order" then that "Big" firm has a moral obligation to continue to give future "business" in that stock to that MM who performed (his life blood). This will go on until he "fails" to perform and so on.
Contrary to popular opinion the "Big" firms Do NOT neccessarily go to the "Low Offer" to fill a buy order (Or high bid for a sell). They "Go" to who they think will perform to fill the order and expect that MM to "match" the "low offer" in the case of a buy (bid in the case of a sell). Even though this MM might in fact be the "high bid" and not really want to sell any more.
As a wholesaler he must perform or he will get a reputation as a "non-performer" with the "Big" houses and will cease getting "calls" which means he will soon go out of business. I mentioned above that this activity is very significant to BB stocks. I say this because most of the trades in these BB stocks are "unsolicited" and are done through discount houses.
With the above groundwork laid, let me try to explain how market makers get short even if they like the Company; Lets say that a stock (shell) has been lying quietly at $.25 bid $.50 offered. A limit order comes into one of the MM's to Buy at $.50 for a thousand shares. Prior to this trade that MM may be "flat" (neither long or short any shares). He fills the order and is now short 1,000 shares. He may raise his bid hoping to find a seller to "flatten" out his position. But before he realizes it a wave of buyers have come in and cleared out all the $.50 offers. Now the stock is $.50 bid .75 offered. Here comes that "Big" firm he just sold the 1,000 shares to at .50 with another bid for 1000 at .75. He makes this print. Now he is short 2,000 at an average of .625. The market keeps moving and now its .75 bid 1.00 offered. Now he has to make a decision.
Just like investors, MM Hate to take a loss. So 9 times out of 10 he will now sell 2000 at 1.00 making him short 4000 but with an average .81. At this time he would love to see a seller at .75 so he can cover his short and make a few bucks.
But instead the market keeps moving up. Now it is 1.00 to 1.25 and here comes the buyer again at 1.25. He doesn't want to lose the call so now he needs to sell 4,000 at 1.25 to keep his break even point above the bid. Now he is short 8,000. Market moves up to 1.25 bid 1.50 offer here comes the buyer now he feels he must sell 8000 here because "stocks don't go up forever".
Now he is short 16,000. And so on and so on. If the stock keeps moving up, before he realizes it he could be short 50k or 100k shares (depending how big his bank is). _________________________
Finally the market closes for the day and on paper he may look all right in that his "break even" price may be around the closing price. But now he has to figure out how to entice sellers so he can cover this short. It is important to note that if this happened to one MM it has probably happened to most all of them.
Some ways MM's entice sellers; Run the stock up with a "tight spread" in a fast market, then "open" up the spread to slow down the buying interest. After it has "cooled off" for a little while lower the offer below the last trade right after a small piece trades on the offer then tighten the spread so that the sellers feel they can take a "quick profit" by "hitting the bid" on the tight spread.
Once the selling starts the MM's will walk it down quickly by only making small prints on the way down with the tight spread. Another way is by running the stock up in the morning, averaging up their short then use the above technique to walk it down in the afternoon.
Hopefully after doing this for several days, it will demoralize the buyers. The volume will dry up and the sellers will materialize thinking that the game is over.
Contrary to popular opinion, MM usually Do Not Cover in Fast moving markets either Up or Down if they are short. They Short More. They usually try to cover after the frenzy is out of the market. There are many other techniques they use but the above are the most popular.
This technique works about 9 times out of 10 particularly in a BB market. However that is because 9 out of 10 BB stocks are BS. Remember what I said above. Most MM's don't have a clue as to the value of a Company until they get trapped. If the Company has solid fundementals and a bright future. Then the stock will do very well. And the activity that caused the situation will prove to even help the future stock activity because it created an audience." _____________________________________
Credit for this post goes to Cardshark_1999
-------------------- "Reality is the leading cause of stress amongst those in touch with it." Posts: 58 | From: Canada | Registered: May 2006
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posted
Schwabie.... My good man...WHY??? would anyone believe you? as you suggest noone does. You bring NOYHING to the table!! On two occasions I have asked you for specifics (facts..not your baseless conjecture)related to the value of BKMP...something to support your negativism...something about how YOU value the FAST GROWING TFN BRAND,TV,RADIO,INTERNET,RETAIL,MOBILE,etc..... and on both occasions ......no response
So would you like to respond to those inquiries and then we'll relate the value to the common
quote:Originally posted by Jimmy Mac: Schwabie.... My good man...WHY??? would anyone believe you? as you suggest noone does. You bring NOYHING to the table!! On two occasions I have asked you for specifics (facts..not your baseless conjecture)related to the value of BKMP...something to support your negativism...something about how YOU value the FAST GROWING TFN BRAND,TV,RADIO,INTERNET,RETAIL,MOBILE,etc..... and on both occasions ......no response
So would you like to respond to those inquiries and then we'll relate the value to the common
AS OPPOSED TO THE NON STOP PUMP THAT GOES ON HERE ?
THERE HAS TO BE A BALANCEE...
GIVE ME A BREAK...
Today’s Price Performance as of 11:24am EDT, 9/08/2006 Option Chains Margin Requirements Interactive Chart
Loading Chart1 Day | 5 Day | 6 Mo | 1 Yr | 3 Yr | 5 Yr $0.0007 Last Price 0.0001 -12.50% Today’s Change $0.0008 Today’s Open 126,223,763 Average Today’s Volume
-------------------- All I say is IMHO.
I like these calm little moments before the storm... Reminds me of Bethoven Posts: 3255 | From: Orlando, FL | Registered: Mar 2006
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I thought volume would be much higher by now. They must be waiting for monday/tuesday.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
dont mind shwabie he has no stocks making any money if he did he wouldnt be so negative here 24-7
anyone else agree?
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so. Posts: 6949 | Registered: Apr 2004
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posted
thats the way to do it schwabie! i dont have anything against flipping as MOST stocks at this price are perfect for it
-------------------- It isn't so much that liberals are ignorant. It's just that they know so many things that aren't so. Posts: 6949 | Registered: Apr 2004
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posted
BKMP: among last 10 trades: 9 buys vs. 1 sell - the MMs are holding it down to cover their shorts. Hold your shares tight.
Posts: 3228 | From: Michigan | Registered: Aug 2005
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posted
The Balance Man? And who died and left these guys keepers of the balance gate. Pumpers and Bashers without something concrete behind their comments aren't worth a darn. That post sums it up for me. No one is going to appoint themselves the watchers of a stock like BKMP. Just tell everyone who you guys work for because the cat's out of the bag. Your posts now achieve exactly the opposite result than you guys intended. There's just too, too much effort behind the bashers for something that's so supposively worthless.
Stay in big guys. Flip when you can and take a little off the table but wait for it.
Posts: 288 | From: South Florida | Registered: Oct 2005
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quote:Originally posted by RWGATORBLUE: The Balance Man? And who died and left these guys keepers of the balance gate. Pumpers and Bashers without something concrete behind their comments aren't worth a darn. That post sums it up for me. No one is going to appoint themselves the watchers of a stock like BKMP. Just tell everyone who you guys work for because the cat's out of the bag. Your posts now achieve exactly the opposite result than you guys intended. There's just too, too much effort behind the bashers for something that's so supposively worthless.
Stay in big guys. Flip when you can and take a little off the table but wait for it.
HUH? Get a clue!!
schwabie not only are you a bad basher you arent funny either
Posts: 23 | From: USA | Registered: Sep 2006
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[ September 08, 2006, 12:20: Message edited by: BooDog ]
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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