MIAMI, Jun 09, 2008 (BUSINESS WIRE) -- Cross Atlantic Commodities, Inc. (OTCBB:CXAC), manufacturers and distributors of nationally branded commodities, food and general merchandise to food stores, supermarkets and club stores, announced it signed an 18 month marketing agreement that would entitle CXAC to direct access to nearly 4,000 top national food chains and major food club stores.
"We are committed to following through with our plan for fast growth," said CEO Jorge Bravo. "The signing of the marketing agreement provides us with access to some of the largest retail food stores and major club chains throughout the US markets," continued Bravo.
Within 60-90 days CXAC expects to have its German pasta on the shelves of nearly 4,000 stores. Bravo explains, "It is imperative that we have direct access to a point of entry with these food chains. Our 18 month marketing agreement will provide CXAC with the type of exposure necessary to put our product on the fast track within 30 days."
"The exposure, credibility and product delivery to over 4,000 food stores puts CXAC on the fast track for explosive growth," concluded Bravo.
About Cross Atlantic Commodities, Inc.: Cross Atlantic Commodities, Inc., manufactures, distributes and markets specialty food products and general merchandise to large food chains, clubs and mass merchants. Through our moniker, Import Foods Division, we assist overseas manufacturers in the conformities of US packaging and label standards. Our proprietary brand, Fruit2 Go(R), is a unique and healthy fruit snack packaged in a squeeze pack of our own design. Spray n Shine is our environmental friendly waterless wash & wax that can clean up to 5 cars in a single can without the use of water or soap.
Cross Atlantic Commodities, Inc. is a fully reporting company trading on the OTCBB under the symbol "CXAC." Contact Investor Relations at (954) 678-0698 or visit www.crossac.com.
This Press Release contains or incorporates by reference "forward looking statements," including certain information with respect to plans and strategies of Cross Atlantic. For this purpose, any statements contained herein or incorporated herein by references that are not statements of historical fact may be deemed forward looking statements. Without limiting the foregoing, the words "believes," "suggests," "anticipates," "plans," "expects," and similar expressions are intended to identify forward looking statements. There are a number of events or actual results of Cross Atlantic operations that could differ materially from those indicated by such forward-looking statements.
posted
UPDV and HTOG are MM's games for next week. Watch it.
The two stocks have different share structures, but the MMs managed to make their pps the same most of the time. Most of the trades today are fake ones, intending to cause panic sellings. The pps has dropping 95% from a week ago.
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Using fake trades to get attention or cause panic sellings is one of the MMs tricks. I assume most players will gamble between 100 to 500 dollars for a position. Beyond this range are likely fake trades generated the MMs among themselves. You will be surprised by the percentage of fake trades.
0.002 500000 OBB 14:28:51 * fake - too big 0.0021 10000 OBB 14:28:03 * fake - too small 0.002 500000 OBB 14:25:15 * fake - too big 0.0021 1980000 OBB 14:25:12 * fake - too big 0.002 500000 OBB 14:22:26 * fake - too big 0.002 500000 OBB 14:20:32 * fake - too big 0.002 620000 OBB 14:19:20 * fake - too big 0.002 50000 OBB 14:17:38 0.002 110000 OBB 14:17:24 0.0019 390000 OBB 14:17:23 * fake - too big 0.0018 5000 OBB 14:13:15 * fake - too small 0.0018 5000 OBB 14:13:15 * fake - too small 0.0019 100000 OBB 14:12:58 0.0019 5000 OBB 14:12:38 * fake - too small
So among 14 trades, only 3 are real, the rest are either too big or too small. That is only 21% is real and 79% is fake. Can you believe it?
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JimSC - I almost always take a position over $500 because I get back out of them very quickly for a small gain. But I do understand and mostly agree with that reasoning.
For instance, I put $1,150 into SMANE. 500k shares at .0017 and 200k shares at .0015.
I don't put more than $1,500 into a penny stock, however.
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Jim, you really shouldn't make assumptions like that and state them as if they are fact. I udnerstand your point, but I think you are totally wrong. Trades that are "too small" could very easily be partial fills. We've all had them plenty of times when they fill 10,000 shares and then move the ask, or fill you in a few different fills. And $1000 being too big? C'mon, tht's ridiculous. If you see a $50,000 trade or something maybe you can say that, but I think your estimates are way off base. That's obviously just my opinion against yours, but the way you're posting and saying "These trades are fake" as if you can be sure of it is very misleading, in my opinion.
quote:Originally posted by JimSC: Using fake trades to get attention or cause panic sellings is one of the MMs tricks. I assume most players will gamble between 100 to 500 dollars for a position. Beyond this range are likely fake trades generated the MMs among themselves. You will be surprised by the percentage of fake trades.
0.002 500000 OBB 14:28:51 * fake - too big 0.0021 10000 OBB 14:28:03 * fake - too small 0.002 500000 OBB 14:25:15 * fake - too big 0.0021 1980000 OBB 14:25:12 * fake - too big 0.002 500000 OBB 14:22:26 * fake - too big 0.002 500000 OBB 14:20:32 * fake - too big 0.002 620000 OBB 14:19:20 * fake - too big 0.002 50000 OBB 14:17:38 0.002 110000 OBB 14:17:24 0.0019 390000 OBB 14:17:23 * fake - too big 0.0018 5000 OBB 14:13:15 * fake - too small 0.0018 5000 OBB 14:13:15 * fake - too small 0.0019 100000 OBB 14:12:58 0.0019 5000 OBB 14:12:38 * fake - too small
So among 14 trades, only 3 are real, the rest are either too big or too small. That is only 21% is real and 79% is fake. Can you believe it?
posted
PCola77- I think you worded it better than I did, but that is basically what I was trying to say.
I didn't even think of the small partial fills, myself, even though I am sitting on a couple of them. I try to ignore the fact that they are even there, but that was definitely a good point when looking at the time/sales list.
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quote:Originally posted by JimSC: Using fake trades to get attention or cause panic sellings is one of the MMs tricks. I assume most players will gamble between 100 to 500 dollars for a position. Beyond this range are likely fake trades generated the MMs among themselves. You will be surprised by the percentage of fake trades.
0.002 500000 OBB 14:28:51 * fake - too big 0.0021 10000 OBB 14:28:03 * fake - too small 0.002 500000 OBB 14:25:15 * fake - too big 0.0021 1980000 OBB 14:25:12 * fake - too big 0.002 500000 OBB 14:22:26 * fake - too big 0.002 500000 OBB 14:20:32 * fake - too big 0.002 620000 OBB 14:19:20 * fake - too big 0.002 50000 OBB 14:17:38 0.002 110000 OBB 14:17:24 0.0019 390000 OBB 14:17:23 * fake - too big 0.0018 5000 OBB 14:13:15 * fake - too small 0.0018 5000 OBB 14:13:15 * fake - too small 0.0019 100000 OBB 14:12:58 0.0019 5000 OBB 14:12:38 * fake - too small
So among 14 trades, only 3 are real, the rest are either too big or too small. That is only 21% is real and 79% is fake. Can you believe it?
Most ridicolous theory I have ever heard. WOW
-------------------- Disclaimer: Not accountable for anything I say
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Hey, Stocktrader. My opinion could be wrong. But could you explain why the volume of HCPC could jump up to 1 B, while the av volume is only about 20 M?
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Thanks, SoAngel and Pcola, for your inputs. My estimation could be wrong, but I like you to think aout it, so you will not be scared. There are just too many 500, 5000, 50000, and 1000000 trades when the pps was pushing down to the bottom for the pps of 0.002. This is the way the MMs got peolple to sell at bottom.
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I think you're too much of a conspiracy theorist, Honestly, when MMs are pulling in millions from big board stocks, I doubt they care as much about making a couple grand on these penny stocks, given the risk and effort your theory would involve. I already mentioned that "too small" is probably partial fills, "too big" is not really all that much money, and sudden volume could be anythign from someone deciding to buy or sell a big position, or could be due to a SPAM e-mail or some tout. I think "MM games" is the least likely of dozens of possibilities.
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I think you nailed it pefectly Jim regarding UPDV and HTOG, and for anyone out there reading this, Jim is one of the best I have seen around here reading MM's and L2.. figuring out what their agenda.
MM's will mirror trade, paint up and down, phony trades..etc all day long before its ready for them to move..90% of these are highly manipulated, and MM's usually pull a nice shakeout before its ready, like UBDV and HTOG, perfect example..being able to read and understand L2 on the penny has never been as important lately imo. keep up the great work Jim..
quote:Originally posted by JimSC: Thanks, SoAngel and Pcola, for your inputs. My estimation could be wrong, but I like you to think aout it, so you will not be scared. There are just too many 500, 5000, 50000, and 1000000 trades when the pps was pushing down to the bottom for the pps of 0.002. This is the way the MMs got peolple to sell at bottom.
posted
I have to agree....sometimes they take a bit of time to develop, but the only way I have lost on plays that Jim suggested is if I got scared out of them.
I also know PCola is good at his game - everyone just has different styles IMHO.
quote:Originally posted by cactus33: I think you nailed it pefectly Jim regarding UPDV and HTOG, and for anyone out there reading this, Jim is one of the best I have seen around here reading MM's and L2.. figuring out what their agenda.
MM's will mirror trade, paint up and down, phony trades..etc all day long before its ready for them to move..90% of these are highly manipulated, and MM's usually pull a nice shakeout before its ready, like UBDV and HTOG, perfect example..being able to read and understand L2 on the penny has never been as important lately imo. keep up the great work Jim..
quote:Originally posted by JimSC: Thanks, SoAngel and Pcola, for your inputs. My estimation could be wrong, but I like you to think aout it, so you will not be scared. There are just too many 500, 5000, 50000, and 1000000 trades when the pps was pushing down to the bottom for the pps of 0.002. This is the way the MMs got peolple to sell at bottom.
-------------------- Study before you buy, Sell before you think about it....
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I agree Jim does well, but I think he overthinks it and mistakes the psychology of retail investors for MM games. Like when you see a big drop on small volume, I don't think it's MM games, I think it's that some people (typically the smaller holders) see it start to drop, so they get scared and sell, and people who had buy orders in pull the buy orders because they want to see where it bottoms out, and the chain continues until peopel start to think the bottom has been reached, so tey start to buy. It quikcly gets back to where it was before the "shake" because there are no "real" (as in significant) sellers, and a bunch of people trying to buy the bounce.
We each have our own opinion, obviously, but my strongest argument against his theory is that I honestly don't think MMs could give two sh*ts about penny stcoks, given the money the make on stocks with real volume. I could be wrong, but I know when I was interviewing with a few hedge fuds, they all said penny stocks aren't worth their time because they can't make enough money to justify the time they'd have to put into them. and some of these weer pretty small funds, so you can only imagien what large market makers think. But like I said, just my opinion.
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Case study of phony trades created by the MMs.
Stock: CCMJ Date: June 17th, 2008
At the close, Bid/Ask: 0.0011/0.002
The MMs used mirror trade to create the close at 0.0020, up 230%. In the pair of a mirror trade, the first is real, while the 2nd is a fake trade that the MM simply moved from one account to another. Please also notice the unusual high number of 1000 and 5000 trades. Are they real?
****** Time & Sales Price Size Exch Time 0.002 200000 OTO 15:18:57 *** mirror trade 2 0.0011 200000 OTO 15:18:57 *** mirror trade 1 0.0011 1000 OTO 15:04:49 0.003 1000 OTO 15:04:49 0.001 11200 OTO 15:00:53 0.001 5000 OTO 14:59:56 0.0009 5000 OTO 14:59:45 0.0009 10000 OTO 14:59:43 0.0008 5000 OTO 12:12:19 0.0009 5000 OTO 12:12:18
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Jim, you seriously should stop stating these thigns as fact unless you know for sure that they are fake. More likely than your conspiracy theory is that the small trades are partial fills and the mirror trade isn't a "fake" trade, it just is a matching trade where someone wanted to buy 200K and someone wanted to sell 200K, so they play the spread and buy the shares at .0011 and sell at .0020 (as you would expext them to do since that's how they make money). I just don't buy the "fake trade" conspiracy. Just doesn't make sense that they'd go through all that effort on a stock that traded under $1000 total for the day.
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Hi, PCola. You don't have to believe in the MMs' tricks. But for me and others who try to detect the unusual high volume, pps huge movements, and big takedowns to predict the potential run of a stock have obtained good results. For example, Cactus33 recently called for the bottom of CXAC and UPDV just before they made a run. If you can show me a system that can predict the potential run of a stock with 40% or better, I'd love to learn it. A system is a tool, it may be useful fot others. If you don't like it, just don't use it - but don't ask other people to throw it away. I understand and respect your position on MMs manipulation of otc stocks. Good luck. Jim
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Sorry Jim, I am in no way saying you're not using your system to find good picks or that you should discard it, only that you shouldn't be stating things like "These are fake trades" without making it more apparent that you'er using your experience/opinion to make those claims. Like you could say "the trades on this one look unusual. Often when I see 5000 share trades and mirror trades the stock runs soon thereafter." I just think the way you say "These are fake tardes and MM manipulation is misleading, and honestly you probably *could* get into trouble for that type of thing. I'm just suggesting taht you protect yourself a bit more, and help newer folks understand the difefrence between what you know and what you think. that's all.