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lol not that I am superstitious but I already had a tiny computer glitch today when I launched.
Good morning Pat, happy Friday the 13th... forgot about VERT
THanks will do.
Red
VERT is a known diluter. You are right about watching level II, Jimmy. As you said, when you see loads and loads of buying at the ask and it doesn't move and then one or two hits on the bid and it downticks - that is a sure sign of dilution.
Well they all dilute, some more than others though. I haven't been keeping up with the MM's as much lately so I can't say for sure who the usual suspects are. Look for the obvious, the same MM sitting at the best ask on L2 and lots of hits with no movement or a down tic after the ask has been hit good with volume.
Thanks, The t/a I've been contacting no longers gives me info as of 8/4. How do I find out what MM's are known diluters?
Red
The best way is contacting the companies T/A daily to see what the float/OS is. Unfortunately many of the penny stock T/A's won't give that info because of policy or they are being gagged by the company so you just have to watch the trades, L2 to see what MM's are on the ask, certain MM's are known diluters ie: MM VFIN and the stocks movement.
Is there a good way to spot dilution? I've always thought form t sells after EOD was a sign. Or is it done other ways, if so please explain?
Red
lol u may want to study this list too:
AFACT - As far as I can tell.
AFAIK - As far as I know.
AFK ( afk ) - Away From Keyboard
ASCII - An acronym for "American Standard Code for Information Interchange", used to assign English characters into numbers.
ASK ( ask ) - Current Price A Stock May Be Readily Bought For.
Bagger, (one, double, triple, quad or more ) - how many times the price of a stock has multiplied since the purchase.
BB - Bulletin Board
BBIAB - Be Back In A Bit.
BBIAM - Be Back In A Minute.
BBL ( bbl ) - Be Back Later.
Bear - A person who thinks a stock or markets will go lower.
Bearish - Looking for a stock or market to go lower.
BID ( bid ) - Price posted that a Market Maker will pay for stock.
BOX ( box ) - Computer
BRB ( brb ) - Be Right Back
Breakout - A chart pattern used to indicate a rise in a stock's price above its resistance level (such as its previous high price). Also a common exclamation when a stock's price moves up a high percentage in a short period of time.
BTW - By the way
Bull - A person who thinks a stock or markets are going higher.
Bullish - Looking for a stock or the markets to go Higher.
BW - Business Wire ( News Service )
CEO - Chief Executive Officer
CFO - Chief Financial Officer
CIO - Chief Information Officer
COO - Chief Operating Officer
CYA ( cya ) - See Ya
CUL8R - See you later.
DCC - Start a chat or send a file.
DD ( dd ) - Due Diligence
Double(r) - Stock that's price has doubled since a given time.
DT ( dt ) - Down Tick in the price of a stock, Price is falling. Our DayTrading.
Due Diligence - Research the fundamentals of a stock.
DH - Day High
DL - Day Low
DYODD - Do your own due diligence.
E2EG - Ear-to-ear grin.
EG - Evil Grin.
EOD ( eod ) - End Of Day
EOM ( eom ) - End Of Month or End of Message
ERR ( err ) - Growl or getting mad.
FAQ - Frequently asked questions.
Fire - Stock that is hot, rising fast.
Front Running - People own the stock then promote it while selling.
FS - Forward Split
FWIW - For what it's worth.
FYI - For your information.
G - Grin
GAL - Get a life.
Gapper, Gapping, Gapolla, GAPPA - Stock that moves from its previous closing price before the market opens.
GMTA - Great minds think alike.
GTG - Got To Go.
GUI - Graphical User Interface ( What you see when using software )
Head Fake - Stock Price heading up or down contrary to ones opinion.
HOD - High Of Day
HTH - Hope this helps. or Hope that helps.
IMHO ( imho ) - In My Honest Opinion, In My Humble Opinion
IMO ( imo ) - In My Opinion
IOW - In other words.
IPO - Initial Public Offering.
IRC - Internet Relay Chat ( Network for live chat )
IRL - In real life.
IT - Information Technology.
KISS - Lip Smacking, Keep It Simple Stupid.
L8TR ( l8tr ) - Later ( Like see ya later )
LAGGED, LAGG ( lagged ) - Long delay between sending and receiving data over the Internet.
LMAO - Laughing My A$$ Off
LOL ( lol ) - Laugh Out Loud
MB - Message Board.
MIRC - Internet Chat Program.
MM ( mm ) - Market Maker ( the folks who handle the trades of stocks )
MODS - Moderators, Board assistants.
MOMO - Momentum stock, lots of interest and buyers for hours days or weeks.
NASDAQ - National Association of Securities Dealers.
NEWBEE ( newbee, newbe ) - New user of Internet and or computer.
NICK ( nick ) - Name used by people ( Individual ) on the Internet.
NQB - National Quotations Bureau.
NUKE ( nuke ) - "Denial of Service Attack" that will crash your computer forcing you to reboot.
NYSE - New York Stock Exchange
OEM ( oem ) - Original Equipment Manufacturer
OFFER ( offer ) - Current Price A Stock May Be Readily Bought For. What a Market Maker is willing to pay for a stock or other issue.
OMG - Oh My God
OT - Off Topic, used on message boards when the post is not on the threads subject..
OTCBB - Over The Counter Bulletin Board.
PD (pd and p&d ) - Pump and Dump
PIC ( pic ) - Picture
Pink Sheet - Stocks quoted by the NQB.
PM - Private Message
POINT ( point ) - Dollar or Stick
PPL ( ppl ) - People
PRN - PRNewswire ( News Service )
Pump and Dump - Front running, people own the stock then promote it while selling.
Reloading - To Buy Again or to enter in the order for a buy or sell in the browser window but not yet hitting the send button so as to be prepared for news or movement.
ROFL ( rofl ) - Rolling On Floor Laughing
ROFLMAO - Rolling on floor laughing my a** off
RS - Reverse Split
SAD - Short Against Delivery
SBPO - Small Business Public Offering
SCALP (S) ( scalp ) - A quick trade for an 1/16 or more.
SI ( si ) - Silicon Investor
SNRK - Under breath Laugh
SOES - Small order execution system.
Spread - The difference between the offer and the bid. The difference between the price a Market Maker is willing to buy a security and the price at which a Market Maker is willing to sell it.
STICK ( stick ) - One point or dollar.
Tank, Tanking - Stock thats price is falling.
Teenie - 1/16th
Thread - A series of messages on a message board or other means that generally have the same topic.
TICK ( tick ) - Can mean the last movement in a issues price ( up tick or down tick ) Also a market indicator. As a market indicator quote systems keep track of the up ticks and down ticks of stocks through out the day. The tick shown will be the difference between the up ticks and down ticks for that day so far. A positive number means there have been that many more up ticks than down and a negative number means the opposite.
TRIN ( trin ) - A market indicator used in technical analysis, calculated as follows: TRIN = ((number of advancing issues divided by number of declining issues) divided by (Total up volume divided by Total down volume)). A value of less than 1 is bullish, greater than 1 bearish. also called Arms Index.
TTFN - Ta Ta For Now ( UK Folks ? )
TTYL - Talk to you latter.
TTYS - Talk to you soon.
UT ( ut ) - Up tick in the price of a stock, Price moved up.
URL ( url ) - Uniform Resource Locater, Internet address of a web page ( http://sitename )
Thank you.I knew it meant a new price.I just didnt know exactly what it stood for.
Can someone tell me just what HOD stands for?
When you look level II you can only see the size of the mm offer. They are probably talking about how many prints went through on the bid or ask. You can tell this by watching time and sales.
I am on boards all the time where people comment there 1 mil on the ask or bid. How can a persom read the vol into an L2?
Got to Settings/My Pictures
Someone directed me here - glad to find you!
besides a trading platform, what are the fav tools of the day trader?
Here's another L2 article - more interesting reading!
http://www.hotstockmarket.com/forums/showthread.php?t=14938
There have been many theories on those odd number trades in the past. I haven't a clue what they really mean.
Sometimes a late day print will make it look like it closed at a totally different price - could have been a t or x trade and then they adjust the numbers at the open the following day.
I know the MMs like to send signals to eachother with order amounts. I saw a trade today for 777 shares on a sub penny stock. Is there any significance to this? I have to believe there is because the trade was only worth 23 cents.
Could anyone explain here how a stock closes at .005, but in my portfolio is closes at .029, than the next it opens at .005?? I feel like I'm in the twilight zone...
Yes and no. Since the example you gave me is a triple zero stock that is trading at about as low as it could trade at - the lowest you can see it trade at would be no bid and an ask of .0001 (which would mean you probably couldn't even sell it). Generally, good bid support and a smaller ask does mean it is more likely to uptick on buys. I don't know anything about that stock you showed me. If there is some type of promo going on and a lot of people are playing it then, yes, it could move up with nice bid support. But, generally, on a triple zero stock trading that low, it takes loads and loads of buying to uptick because those type of plays are so dilutive. If it is pumped enough there are chances of a stock with a huge os to uptick, but I would be very careful and if you are up to secure your profits early before it crashes back down again.
thank, so i take it as the bid support for this particular stock is quite good and likely hood of going up based on the L2. I know L2 just a part of it and I must do other DD as well.
You can tell by looking at how many are lining up at one price on the bid and the other price on the ask. The prices at the top are the current bid and ask. In your example it would be .0002 x .0003 9x5. There are mm's at .0001 in your example because it is the next bid price. So if there were a major sell off and that nine wall started to fall, the bid would eventually become the next price and in this case it would be .0001. For the price to go up you want to see good bid support which would mean more mm's at the bid than at the ask. The 50 represents the size - mm's usually show 5000 share on pennies - that example you gave is a very weird looking level II with ARCA having a larger offer than the other mms. Here are a few sites you can look into:
http://www.investopedia.com/articles/trading/06/Level2Quotes.asp
http://www.hotstockmarket.com/forums/showthread.php?t=35169
Can anyone teach me to read L2 please? example like below, how do I tell how many MM at bid and how many at ask? I take it as 9 at bid and 5 at ask but why is there some at 0.0001 and why is size 50? thank you
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51787111
I am not familiar with the MCClellan indicator so I have no idea who offers it. Try their web site: http://www.mcoscillator.com/
I am looking for a Ratio-adjusted summation index (Rasi) indicator developed by Tom McClellan on a daily stock index chart. None of the chart websites that I frequent offer this indicator, perhaps someone is aware of one that does.
I really think you and newview are talking about two different things. He's talking about time and sales of prints. You are asking about the colors that represent the mm levels. Each software platform has their own colors. I use two different level II platforms and I could watch one stock and these two level II platforms will show different colors because that is how they are set up. If you look here, alphatrade says:
The offers are grouped into different colors, by price. The colors mean nothing on their own; they merely serve to separate the price levels, for ease of viewing.
http://www.alphatrade.com/techSupport/Level2Help.html
Ahh ok thanks. One things that's weird is sometimes I see MM's offering RED at BIDS as well as BLUE as well as on the ASK side. Does this mean the RED is a BID or ASK order by traders rather than MM liquidity?
The name was an old school Japanese jiu-jitsu fighter a long time ago.
Didn't he ask about Level II and not time and sales? I think he wanted to know what each tier of Market Depth meant.
red - trade placed at bid (sell)
green - trade placed at ask (buy)
blue - trade not placed at bid or ask
yellow - new high or low for the day
quite a name you have! whats it mean?
The colors are there so that you can differentiate between the prices tiers. With Etrade it goes as follows:
Green: Tier 1
Red: Tier2
Yellow: Tier 3
Blue: Tier 4
Light Green: Tier 5
I'm sure this is standard and each platform uses their own colors.
L2 question! What do all the the green, red, and blue color trades mean in the level 2?
Personally, I think that tool is useless. They just assume anything at the bid is a sell and anything at the ask is a buy.
Thanks. I will try them out.
Wait, you have a certificate of shares that are no longer restricted and your broker won't accept them? Is it just this particular issue? I would find a broker who will accept them. That's a lot of money and you need to get them into an account before they start trading south which can very well happen when restricted shares become unrestricted. Everyone starts selling them. Try choicetrade - I use them and they have accepted shares that Etrade wouldn't let me trade. They have no restrictions.
I have just received a stock certifiate for 200,000 shares of a great penny stock that's trading at .20 a share. I had a restricted placement and the now the restriction to trade has been removed.
My broker claims that due to new stricter stock trading regulations, they will not accept the shares for deposit into my account. I'm in California. Any ideas here?
What's this flavor of the month? I'm starvin!
None, imo! lol There are sooooooooo many of them. And then there are some flavors of the month. What I mean is, for example one might be considered to have the best picks at one point and will be a favorite until they make a few bad picks, and they will eventually. I just hope you are not trading based on penny stocks promos alone. It is a good idea, though, to know if a stock is heavily promoted or not. pennystockchaser seems to be a favorite lately - u can find them on Twitter
Hello I am new to IH and I have a question in regards to subscribing to a penny stock alert news letter. My question is wich one is the best?
Any oppinions would be appreciated.
Tanks in advance
You know, when I was younger I always thought Jose Cuervo was tequila. I hated tequila and margaritas up to the day I drank Patron than Don Julio. Now I keep it stocked even though I dont drink anymore lol. (keep it around for guests and the wife) If you ever make it up in the pacific northwest stop by and I'll fix one for ya.
My Reasoning...Stockpromoters.com gives out some pretty good information on who is promoting what and what the compensation for such a promotion entails...IE HOTOTC was compensated 500,000 unrestricted shares for pumping ABCD.OB for one week,.,,,This got me thinking, is it possible to pinpoint the day HOTOTC was compensated based on the number of shares the individual was compensated and the trading volume for that day? Provided of course the stock is thinly traded to begin with.
If a 500K block of shares all of a sudden pops up on a thinly traded day and two weeks later it turns out this guy was compensated 500K for a one week pump it makes me wonder if their is a correlation there...
Makes me wonder if one can focus in on stocks with abnormal jumps in volume (provided of course their is no indicator suggesting the stock should jump) a few weeks before a pump occurs...This is why I was asking....
I realize a lot of these guys get paid in cash but a lot of them do get compensated in shares...I suppose they just water down the float and my idea doesn't hold since nothing is purchased and their compensation is not reflected in the daily volume of a security.
Beware when they get issued shares and make sure you take profits out asap if you play it. JMO
No they are sold when they are sold, but when a company issues shares it dilutes its' outstanding making it even harder for the pps to go up.
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