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Not quite sure what you are asking. The mm lineup or actual prints?
Interesting, going to start looking into the matter as well!
Is this an example of PPS manipulation by MMs?
For example, a stock is generally going for .0005. However, Lev 2 shows sell orders for extremely high ranges such as 50 shares for .05 per share or 1 share for $100.
I don't use Ihub level II but it should say next to the quote the amount of shares on the offering (the size). But it is really just retail that they are showing. There are many times when you will see a mm show an offering of say 5k and way more than 5k goes off and it still sits there.
How are people able to tell that X amount of shares are left before they move up in price? I see it all the time where posters would say "21M to .02" or "10M to go."
How can I tell what's left in order to move to the next price? If it helps, I have a Level 2 through IHub if you use that as an example.
Thanks for the info, hoping i never have the problem
I think it's more the PENSON people which is their (clearing house?). ChoiceTrade uses PENSON also.
Thanks for posting that. A few years ago when this first started (at that time there were only a few companies involved) I was charged two or three times an exorbitant amount for trades I did weeks prior. Contacted the broker and they credited me all of these charges (I am an active trader so I don't know if they would do this for everyone). That is when they told me they would start restricting trades on these companies. Since then they put blocks on any company that isn't eligible and I have never had a problem with excessive charges.
Thanks, RJ5. Zecco's list is MUCH longer. Looks like they want out of the pink sheet game..?
This may help
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67158239
Although i've seen other lists far longer
Well...I think I'll just do that!
That is the problem - most brokers can't keep that updated. This non dtc eligibility is fairly new thing. Maybe you can call the dtc up and ask them why they don't have a realtime list on their site:
http://www.dtcc.com/contact/participant/index.php
Thanks, cintrix. I found one on Zecco but I beleive one would need an account there to access it...and it comes with the disclaimer that it may not be complete. Seems odd in this hi tech age that such an important list could not be automatically updated to show addtitions/deletions and be available for anyone to view.
I don't think that list is available. I have asked my broker and they said that it changes so often they can't supply me with that info - unless the dtc has a list they update. If you find it post it here.
Anyone have a link to a current DTC non compliant list?
Please keep in mind that this is not a stock picking board. Please don't ask or advise what stock to buy on this board.
good luck to you
That is the size of the market maker's order. Say you put a sell order in at 4903 shares at the ask price - it would show up on the ask next to the mm's name and price. Or say you put in a buy order on the ask at 20000 shares and they only filled you 3k - then the remaining 17000 would be the rest of the offer sitting at the bid.
What does it mean by Size: 17000 x 4903 on a Level 2 display?
Happy 9/11 to all. Hope everyone got a chance to pray for the fallen today. What are you all watching tomorrow?
I think the catch is that at one time years ago you couldn't short stocks under five bucks. Back when I started trading pennies everyone would say that the only ones who could short them were through a Canadian brokerage. But from what I understand it is different now. I don't think you can short penny stocks with the main brokers like Etrade, Ameritrade, etc. but there a few out there that let you short pennies. I have never ever done it so I don't know much about it.
With pennies shorting sounds too easy. With dilution and panic selling it almost seems like you can't loose. From what I've seen most pennies go down sooner or later. So what's the catch? Are the commission costs really high? Is the a time limit to replacing the shares?
no that's not how shorting works - when someone shorts a stock they sell shares they don't own. So they are basically borrowing the shares. Say the price is $10 - but because they don't own the shares they are borrowing them and have to return them. When they return the shares (cover their short position ) it is in their best interest for the price of the stock to be lower than where they sold it. So say that stock went to $8 and they covered there, they made $2 because when they returned the shares it was $2 cheaper from where they sold short.
one more question about shorting. i have heard of it and some what know what it is. how do you make money on shorting a stock. doesnt short sell me sell a stock you dont own? example ill use emll. they were trading at.001 if someon ecame along and tyed to short it down to .0006 but dont own shares only thing i can think of is they short it down to .0006 then they have to buy it at that price for amount of shares they shorted in hope it will go back up to .001. am i correct?
1st off, make sure you have a margin account and not a cash account. By doing this, the proceeds don't have to wait three days. You can use those funds to immediately buy another stock with the proceeds from that sale. If you have a cash account, you can use those funds to purchase something else but you can't sell the replacement stock until those funds clear (3 days later).
2nd you will need at least 25k in your account otherwise you will get caught up in the daytrader pattern rule which says that anyone with under 25k in their account cannot trade more than 4 daytrades within five days. If you have over 25k there is no limit to the amount of daytrading - you can do as many roundtrips as you like.
I explained here to someone else:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64329208&txt2find=25k
i have a question about day trading. im fairly new to stocks only been trading for 4 months. i have noticed alot of people make money day trading non stop buying and selling same stock that day or next day etc. how do you day and trade what do you need. i tryed it when icbt was doing its runs. everytime i baught shares real low and tryed selling high scott trade wouldnt let me sell they said they would fine me then suspend my account. so exactly what is day trading and how do you do it im interested in learning. thank you T.J.
Sometimes I wonder if the RS "effort", is to decimate the lowly shareholder only, yet "preserve" the trade in value, of pref shares, held by the owners. I was under the assumtion also, that a RS involved the entire SS, and all categories within. I guess it can be for only "part" of the SS........
It is a market maker: PUMA=Puma Capital, Llc
http://pumacap.com/about.html
Hi I've been reading intently the thra board past week. The mod posted a few days ago - "watch PUMA, if it's over we should glide up fairly easily this week"
Any ideas on who or what PUMA is?
Hey everyone Im new here this board looks interesting
"Slap the ask!" Is that basically telling bid sitters to stop trying to get below the ask price and buy at the asking price?
Yes, the same way people who get all bent out of shape when someone sells at the bid and they call them bidwhackers.
"We still have some .0007s. 0008s coming up." What do they mean? The amount of shares at .0007 being sold before the stock price move up to .0008? What determines if a stock rises or falls in price?
I'm not seeing the stock you are referring to so I would assume that is the next amount on level II. What determines stock movement are several things. First and foremost the more buying will help uptick it and the more selling pressure will downtick it. But there are many other factors. News - a pr that has good positive news will move a stock and one that has detrimental news, such as chapter 11 will drive it down. Dilution where they issue too many shares will drive the price of a stock down too. A filing that comes out before news could drive a stock price in either direction. Volume on a thinly traded stock can get it moving. There are so many factors.
When I read some posts, I see posters saying things like:
"We still have some .0007s. 0008s coming up." What do they mean? The amount of shares at .0007 being sold before the stock price move up to .0008? What determines if a stock rises or falls in price?
"Slap the ask!" Is that basically telling bid sitters to stop trying to get below the ask price and buy at the asking price?
When a company does a reverse split they do not have to reverse the authorized. Some companies will reduce the authorized when they do a reverse split but they are not required to.
I have a question. If a company does a reverse split from 14 Billion to 14 Million outstanding shares and they had 20 Billion A/S, does that mean that they can technically still release 20 Billion total back into the market?
I was thinking once a R/S takes place, the total shares available period drop. Is it really that the A/S isn't effected unless the share reduction is a reduction of the A/S and not the O/S? If my new understanding is correct, I now know what posters mean when they say "wash, rinse, repeat!" and this will change my perspective greatly with speculating...errr..."investing" in pennies. In addition, I would have a better understanding of why some people say some penny company "executives" are thieves as this seems like the perfect, and unfortunately, legal scam until the system changes or people stop speculating...errr...investing in them.
Do you have a margin account or a cash account?
That's up to your broker. Could be he will allow you to "wire" funds to make up the deficit, or they could sell enough shares "at market" to add cash to your account, and hound you for the rest.
But you have to have a phone conversation with your broker, ASAP.
What happens if electronic deposit returns NSF and you have already bought stock with that deposit?
Always go by the broker account (E-trade and look at the last price column) no matter what. Ihub pricing isn't hardly never right, especially if its after-hours. Most of the time a stock closes at 0.31 on etrade and ihub will show it at 0.28 or something weird. Sometimes the L-2 will look different if its after hours because the MarketMakers dissapear from the L-2 list but when morning comes the MM will fill back in their correct spots!
AABA ILLEGAL SCALPING MANIPULATION
I have been following him the last 3 trading days and 2day will chart his buy and sell orders w/ time, price and share size 2 report to the sec (been busy vaca at thailand visiting girlfriend)
using his level 3, aaba has been illegally buying on the bid and selling those shares back to us at higher price forcing us at this bottom range and making huge profits scalping while shorting this down
**he has been playing headsup poker with the shareholders, but he can see our 2 cards while we cant see his.
ON THE BID SIDE
----------------
AABA, when there is more selling at the bid & no buying volume on the ask volume, will try to sit/wait under the other buyers and fill his shares. he will also at the same time be on the top of the ask to pressure the selling. he knows exactly where to sit at what price and how many shares because he knows the total amount of shares and at what people what 2 buy with his level 3.
when selling slows down on the bid and people start buying on the ask or no volume/trading, he sit/jump on top of the bid to grab all the shares
AABA acculmilates all his shares at these low prices. price goes down and and selling slows
ON THE ASK SIDE
-----------------
when there is alot of ask buying he will sit in the middle to sell his shares he bought cheap so he can get the highest price/scalp profit he can get. he knows that he will get filled because he knows the total amount of shares and at what price people want 2 buy with his level 3.
when buying on the ask slows, he will instantly drop below the last price sold on the ask to pressure the selling and block from price going up . he will be at the lower price on the bid to get cheap shares again....rinse and repeat
because of AABA scalping we cant go up whatsoever. he has fraudulate "endless supply" of shares because he is continuously replenishing his share amount by buying on the bid and selling those shares back 2 us higher on the ask. sh!t, AABA can be doing this crap with only 500k shares!
EVERYONE KEEP A KEEN EYE ON AABA ON LEVEL 2 TODAY
Also, unless he is running on a premium plan of some type, there may be a delay.
probably two different quotes because it was a weekend - if it happens during the trading day then you need to be concerned that one is wrong
Shorting is necessary to keep the market liquid - you decide what the answer to your question is. lol
Hey guy you can help me. IHUB is saying for the stock ask is on .257 and then on my etrade it says ask is @ .29?? But when looking at l2, it shows etrade sitting at .257. So on l2 it's different from ETRADES website.
Which one is right lol
I am subscribed to the ihub Level 2 service. Where do I find details for the color coding and other depictions used on the display? TIA for your help.
The one I use does have a back tester and you can customize it, but it is mainly for technical not fundamental analysis. I just did a google search and came up with this - don't know if it is good or not:
http://www.tradetrek.com/education/ai/ai_stock_trading04.asp
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