Lion's Den

[guitarmusic]

I C you have a new thread...cool....marked ya

[$treet Trader]

That is funnnnnnnnnnnnnnnny,lol

[Spectre]

You sleeping with all my exes again? lol

[$treet Trader]

Thanks Spec, from me and Trish, Pam and Jess!

[Spectre]

Cool board $treet!

[hungryhank]

I would love to have a cocktail with any one of them at any time.

[$treet Trader]

Thanks ,Trish and Pam says thanks ,lol

[hungryhank]

Thanks. I know I will love this board.

[$treet Trader]

My buddy Hank, welcome !!!!

[hungryhank]

This will be a great board.

Very educational.

No BS on this board.

[$treet Trader]

Thank you sharky

[sharky]

Hey street, good luck with the new board.

[$treet Trader]

Hey max2205, welcome to the Daytrader's Forum

[max2205]

Hey All!!

Checking in.

[$treet Trader]

Learning Level 2
Bill Panetta's list of MM's:

Posted by: Bill Panetta
In reply to: None Date:4/22/2007 1:36:26 PM
Post #of 2315

(UPDATED) Penny Stock Market Makers Who Are the Players in this Game

By Bill Panetta

Let Me Start off by saying this: Level 2 Does not have the same effect like it did 5 years ago except for OTCBB Stocks & Pink Sheet Stocks. What Do I mean By This? NASDAQ is all chart plays, level 2 has no meaning as it once did for NASDAQ Stocks, and too many games can be played now on level 2. Simply put if you don't know how to read the charts you will get killed on NASDAQ Stocks.

With all the changes on Level 2 Traders have been forced to learn TA, You could had a made a killing with level 2 before 2001 with out TA; I have witnesses that have proven this.

And when I make this comment I am talking about regular trading hours, after hour's different story. Bottom Line Level 2 does not have the same effect on NASDAQ Stocks that it did 5 years ago because of the New Super Soes Trading System being implemented in 2001 and along with 1 cent spreads, it was the worst thing NASDAQ ever did for traders IMO. The Traders from 5 yrs ago know what I am talking about.

Let's talk about the 2 exchanges where Level 2 has not changed and having level 2 is really important to your trading. I am talking about The OTCBB & PINKSHEET Markets.

If you learn how to read into Level 2 on the OTCBB & PINK SHEETS it will really enhance your trading. Let's break down the Market Markets.

There are 4 categories of Market Makers let's start by talking about the first one.

Retail Market Makers:

These are the market makers from very popular brokerage firms. They handle a lot of the order flow for small retail investors.

NITE: NITE

UBSS: Schwab

SBSH: Citibank

ETRD: ETRADE

BOFA: Bank of the American

Second Category: This is the list that you really have to master because these are the MARKET MAKERS that can kill a stock in a hurry when there are the sitting on right side of the box on Level 2.

HDSN: killed CKYS single-handedly

VFIN:

CGFL: new kid on the block for sub dilution

RBCM: Old CLYP. Has killed many sub penny stocks in the past to no-bid.

FANC: used to be a heavy S-8 seller. May show up once in a great while.

SSGI: aggressive on sub penny stocks

Third category: There are lot market makers in this category so I will break it down to who are the most important: These are some of the more friendlier market makers on the street.

DOMS: one of my favorites
MAXM:
VERT:
HILL:
SALI: can be a seller at times
JEFF:
FRAN: very friendly
ABLE:
QUIN: haven't seen him around much lately
VNDM:
SEAB:
MURF: getting active lately
STGI: getting active lately
VERT:
WDCO: can be a seller at times
PERT:
NIII:
BEST:
GNLN: nice to see him back again
EFGI: can be a seller at times

Category 4: ECN MARKET MAKERS: Electronic Routes
these market makers are only used on OTC BB stocks. They do not work for pink sheet market.

ARCA: used a lot by promoters to sell stock
TRAC: rarely used any more taken over by EDGX
EDGX: new kid on the block

There are probably a few market makers that I left out or there will a few new market makers that show but for the most part these are the major players. Good luck hopes this helps.

[$treet Trader]

Learning Shells
http://www.shellstockreview.com/ssr-Home.html

[$treet Trader]

Learning to Trade
http://www.swing-trade-stocks.com/stock-market-stages.html

[$treet Trader]

Learning Charts
http://thepatternsite.com/

[lady sofia]

will think about it.....

i have to go soon...family matter.

see ya!

[$treet Trader]

What cha think of the board,


any input?

[lady sofia]

Hello!

[$treet Trader]

Hello Sofia

[lady sofia]

let's start the ball rolling soon!

[lady sofia]

I can't believe this! First one to say HI on this new board!