Top Ships Inc (TOPS)

[TaxiCaT]

AH volume?

[keekee]

Because these exchanges make tons of money from these traders and criminal specialists, they just turn a blind eye. Same happened in the case of the lone spoofer, Navinder Singh Sarao. There was a five-year delay in arresting the criminal, accused of exacerbating the 2010 Flash Crash—one of the most turbulent periods in the history of financial markets. That delay placed the self-regulatory bodies such as the Commodity Futures Trading Commission (CFTC) and Chicago Mercantile Exchange & Chicago Board of Trade under scrutiny. "The CME was described as being in a "massively conflicted" position as they make huge profits from the HFT and algorithmic trading."

[keekee]

Although Congress outlawed the practice in 2010, what we're are seeing in trades on TOPS, etc is exactly spoof trades being perpetuated these racket of market specialists representing all the major exchanges. Unfortunately, the law is slow, only 20 traders have been charged so far, but the DOJ is intensifying that effort. Most reasonably, investors don't complain because they saw what appeared to be normal. But, at the heart of these crimes is the erosion of integrity in the market system!

[keekee]

See the kinds of criminal enterprises NASDAQ uses these days as Market Makers. Google: Citadel Securities, Quantlab Loom Over Trial Probing Whether Human Traders Tricked Machines:

"CHICAGO—Citadel Securities’ headquarters stands across the street from this city’s federal courthouse. The high-speed trading powerhouse had an even closer view when one of its traders began testifying Friday in a criminal trial over market manipulation known as spoofing.

Citadel Securities and Quantlab Financial LLC, another electronic trading firm that uses computer models to automate buying and selling, have loomed over this week’s trial. The firms were allegedly victimized by the spoofing of two former Deutsche Bank precious-metals traders, who are fighting fraud charges against them.

Attorneys for the two former traders, James Vorley and Cedric Chanu, deny the charges and have attacked a basis for the case—that the men defrauded “supercomputers” by flooding the market with phony orders that gave a misleading picture of supply and demand, also known as spoofing. The orders were in fact genuine because any participant, defense attorneys countered, could trade with them before they were canceled.

Some critics of the Justice Department’s spoofing crackdown say prosecutors have turned routine behavior into a crime on a par with insider trading, while the alleged victims are often computerized trading firms that update or cancel orders in milliseconds. Many investors say the enforcement is justified because rampant spoofing undermines the integrity of prices.

Since Congress outlawed the practice in 2010, the Justice Department has charged 20 traders with spoofing-related crimes and eight have pleaded guilty."

[keekee]

Why are we posting these information: Because we have 111 followers here, and a good number of them are these exchange specialists criminalizing the industry. We want to ensure that knowledge of the criminal nature of their actions is imputed on them!!!

[keekee]

Some Nasdaq market makers have also worked improperly
together in this way to fill customer orders or to reduce
inventory exposure.-[60]- In such cases, a market maker
having a sizeable customer order or an inventory imbalance called
upon other market makers to coordinate their quotations and
transactions with the requesting market maker. The fact that a market maker used these arrangements when engaged in buying or selling securities for a customer was typically not disclosed and may have violated the duties owed by the market maker to its customer.

Such undisclosed collaboration can injure the interests of
both retail and institutional investors. A market maker
representing a customer order is required to obtain the most
favorable terms for its customer that are available under the
circumstances. See, e.g., Opper v. Hancock Securities (Supplied by us: Opper v. Hancock Securities Corporation, 250 F. Supp. 668 (S.D.N.Y. 1966)).

[keekee]

SIMPLE SUMMARY FOR THE SEC AND SROs, AND LAW ENFORCEMENT:

"You know, some of market makers here were able to know our trading identity by the numbers and times of purchases we publish. They shared this data and conspired to trade against us...even to the point of ridiculousness and criminality. That helped us to but some cool PFDs here around $3. They haven't given up. And there is an active SEC complaint specifically on this now. We post this information for folks to know what happens in this business. A lot of criminals or people that have a great dislike for law and regulation, were hired as market specialists and they just follow the criminal way...using institutional resources. They share information about their targets with other associated market makers and the system and all its orderliness continues to suffer. The SROs are incapable of policing these criminal specialists. And we hope that the SEC can, though that is a far cry, given the explosion in the securities industry these days. Individual investors' actions like the campaign we are spearheading may be the ultimate: IF YOU SEE SOMETHING, SAY SOMETHING! Slowly the long arm of the law will catch up to these criminal specialists!!!"

[keekee]

THE SEC further found: Read and see the kinds of criminals we have as market makers:

"The investigation has determined that a number of Nasdaq
market makers have coordinated quotations, trades, and trade
reports with other Nasdaq market makers for the purpose of
advancing or protecting the market makers' proprietary trading
interests.-[58]- By engaging in such conduct, these market
makers may have acted contrary to the best interests of their
customers and created a false or misleading appearance of trading
activity in the Nasdaq market.

For example, the tapes reflect numerous occasions in which
market makers have asked other market makers to move their
displayed quotations in a particular direction to help the
requesting market maker trade (often with customers) at prices
more favorable to the requesting market maker. The requesting
market maker generally disclosed his or her intentions for future
price movements and transactions to the cooperating market
makers. Cooperating market makers acceded to these requests
because of an expectation that the requesting market maker would
reciprocate in the future. Such cooperative activity improperly
influenced prices, often at the expense of investors, while
creating an inaccurate picture of market conditions. The market
makers involved in such conduct may, depending upon the facts and
circumstances of each particular situation, be deemed to have
engaged in unlawful manipulation of the market or otherwise
violated applicable antifraud provisions of the federal
securities laws or NASD rules."

[keekee]

PER THE SEC:
"The Exchange Act contemplates that the U.S. securities
markets shall be "free and open"-[28]- with safeguards "to
protect investors and the public interest."-[29]- Vigorous
price competition is a hallmark of a free and open market and is
critically important to the efficient functioning and regulation
of a dispersed dealer market. Because Nasdaq market makers trade
securities which are otherwise fungible, price should be a
principal means of competition in the Nasdaq market. Any
significant hindrance to price competition impedes the free and
open market prescribed by the Exchange Act. The investigation
found that certain activities of Nasdaq market makers have both
directly and indirectly impeded price competition in the Nasdaq
market."

BUT WHAT HAPPENS WHEN NASQ, BATS.ARCA, EDGX, PHLX, Citadel, PUMA, GTS Securities, etc form a racket to trade against particular investors that post on social media??? That is the big question before the SEC. No doubt these actions were not permitted by the management of these institutions. BUT, shouldn't someone police the foot soldier specialists engaging in these criminal acts?????

[keekee]

"Vigorous inter-dealer competition was seen as assuring
efficient price discovery, narrow spreads, absence of collusive
opportunity, and the self-enforcing effects for which self-
regulation strives."
"In addition, media accounts reported widespread
allegations that market makers routinely refused to trade at
their published quotes, intentionally reported transactions late
in order to hide trades from other market participants, and
engaged in other market practices detrimental to individual
investors."

But what happens when BATS, NSDQ, EDGX and ARCA, and serial securities fraudsters like Citadel form a racket to trade and oppress individual investors!!! That is the subject of or complaint now to the SEC!

[keekee]

Maybe it's beginning to be apparent to everyone the crimes I have been complaining of market Makers stealing my ORD and, sharing the information with each other and setting their machines to collectively trade against me. The SEC was notified initially in August and they responded to that complaint but nothing else. Last week, we filed another expanded com6, providing the SEC specific details about the stocks and the Specialists and the firms. Two more complaints will.go out this week to other agencies. We have to get these CRIMINALS out of an otherwise noble and important industry!!!

[macdwatcher1]

Gm. Do I have the list of the 16 companies that were hurt my the market makers? In my opinion. All the Greek shipping companies based out of greece. The sec should penalize both parties. The markets makers in Greek shipping companies and punish the Greek shipping companies operating from off shore accounting practices based in Greece. In Greece you are not allowed to short sell stocks on the Greece stock market. So these Greek shipping companies set up shop in the United States useing the NASDAQ market exchange. The Nasdaq does not need these greece based shipping companies to be listed on the NASDAQ. It’s a ripoff to the United States investor who is a victim
Of this international terrorism

[TaxiCaT]

Interesting volume here?

[Easton333]

Where did Yahoo Ray go with his AI Sophie crunching algos to support his Tops promises to take all bulls to the land of milk and honey? Lol Looks like iHub has its own version of Ray, or one of his colleagues from the 7 seas of cheese? This board is stinky.

[keekee]

Staying in office, staring out the window and wondering how I have managed to become one of the most powerful men Wall Street has ever known...thanks to CRIMINAL market makers stealing my order routing data and bringing out the venom in me. Give it a fortnight or more and this will get into the news circles....

[keekee]

If the SEC acts on our Complaint, other investors will be protected from these class of criminal Specialists that cut across the market spectrum right now. They will be identified and removed from the market system or be suspended from it, and we have decriminalized individuals as specialists, and other investors (not just me or my companies) would be protected from these CRIMINALS collaborating to use institutional funds against any investor any of them decided to hate and get others to blindly and dumbly join! The SEC SHOULD ACT NOW!!!

[keekee]

If the Securities and Exchange Commission does not yet have enough fraud data on my complaint against market Makers looking at just TOPS, CANF, NAKD or SNDL, then I have a yatch seated at Mt. Rushmore to sell to them. It's all about electronic record....request the record and get forensics to see the allegations. THE SEC found that MMs have some this before in the post I am replying to. ThEY ARE DO6IT AGAIN. The SEC should get involved o my complaint and at least make money for the Treasury by impo6heavy fines on the CRIMINALS. We will follow up with a lawsuit!!!

[keekee]

All the preceding posts turned up as we researched and finalized two complaints - an updated SEC complaint and a FINRA complaint against several market makers covering about 16 entities. These complaints will be activated again next week, and will be a prelude to the litigation. It's been a pleasure!

[keekee]

Another SEC, several FINRA violations too, the type MMs are committing here with my name:

"1. The Fraudulent Coordination of Quote Movements

The most common form of violative activity uncovered by
the staff’s investigation was the coordinated entry of bid
and/or ask quotations by market makers into the Nasdaq
system for the purpose of artificially affecting the price
of subsequent transactions. This behavior typically
consisted of one market maker soliciting the agreement of a
second market maker to change the Nasdaq quotations
disseminated by one or both market makers. Although the
specific reasons for the coordination of quote movement
requests varied from transaction to transaction, all
involved obtaining an unfair trading advantage for the
participating market makers. These arrangements, which
changed the inside spread or harmed customers or other
market participants, were not disclosed by the market makers
involved in the scheme to other market participants or the
Nasdaq market. Such coordinated activity constituted market
manipulation in violation of the antifraud provisions of
Section 15(c)(1) of the Exchange Act and Rule 15c1-2
thereunder, and the prohibition on the entry of fictitious
quotations provided in Section 15(c)(2) of the Exchange Act
and Rule 15c2-7 thereunder."

[keekee]

PER the SEC:
" The undisclosed activities of market makers that
coordinated price quotations, transactions in securities, and the
timeliness and sequence in which they reported trades, misled
market participants and customers, impaired disclosure of the
quotations and prices at which dealers were actually willing to
buy and sell, and lessened the ability of investors and other
market participants to obtain competitive prices. The interests
of market participants in accurate, fair, and reliable pricing
were not served. Moreover, the duties that those market makers
owed to their customers were compromised by undisclosed sharing
of customer information and the repeated failure to honor quotes
or report trades promptly or with appropriate designations.

The NASD's failure to investigate and pursue aggressively
clear indications of possible violations seriously undermined its
ability to ensure compliance with the NASD's own rules as well as
the requirements of the federal securities laws."

[keekee]

THE SEC:
"Numerous market makers collaborated without disclosure
to their customers in ways that misled and
disadvantaged their customers and other market
participants. These market makers coordinated their
price quotations, their transactions in securities, and
their trade reports."

[keekee]

THE SECURITIES AND EXCHANGE COMMISSION:

"Some market makers, without disclosure to their
customers, shared information with each other about
their customers' orders, including the size of the
order and, on occasion, the identity of the customer.
They also shared information about their inventory
positions, trading strategies, and the prices they
planned to quote."

[keekee]

Work on this book is keeping me fully engaged and keeping me away from trading, but I couldn't help occasionally returning to trade a stock or two to keep the storyline flowing. Don't miss this book...very detailed, very revealing. Will it help prosecutions, well, as Trump would say, "we shall see."

[keekee]

Watch out for this book, now projected to be out by January 2021, first lines of Chapter One:

In the summer of year 2020, as the coronavirus ravaged the developed world and scientists raced feverishly to find some cure, some vaccine or some defence, another battle was raging on the algorithms of US stock exchanges. This battle was drawn between certain market makers across the various exchanges that conspired and formed themselves into a clandestine racket, a secret cult, a crime family - with a mission to explore every and all illegal trading schemes to trade against a sole investor and companies associatedto him - and that investor. (c)

[GolfFishSurf]

Chimps, pot-bellies, and venom? Now I'm really confused.......

[surfer44]

I think he's saying the market is rigged.

[keekee]

Poetry
-------------
Every day I keep hitting my chest like a fucking chimp

Marvelling as to how well I have destroyed market Makers

Every day I keep racking my brain like some smart puck

Humbled at how well I have quartered market crooks

Date: October 6, 2020.

[keekee]

My sorrow at this point is that a bunch of pot-bellied, ugly, fat people called market makers are out there cynically and criminally watching my every move and thinking how to counter such move. And while I am doing every thing to get redressed, justice normally walks at a very slow pace. Painfully slow for me. I am a fast dude. But, we will get there sooner or later.

[keekee]

Imagine if I got just one of you crooks to be on my side in this war!!! Conditions for a Warren Buffett replacement would have been created....

[keekee]

Wrong bro....the proper audience knows. Combined resources and conspiracy and venom.and all that....and I am am.righer $4000 on TOPS???? SHAME ON CRIMINAL MARKET MAKERS

[TaxiCaT]

Nobody knows what the hell you are talking about.......ever...

[keekee]

Market Makers should carry their ugly fat faces in shame!!! With a broad conspiracy and combined other people's money....IDIOTS have made me money every day trying to squash me. Remember the snails that would use their slimes to quench fire.....now who is the effing snail?????

[keekee]

With combined bank and institutional resources and a rabid desire to show some manhood, I am thrashing DUMB, CRIMINAL MARKET MAKERS all over!!! Are these guys not insane at this point???? Drugs...that's what it is. And soon Citadel would be charged with another Securities fraud
..as always, and the rest would follow suit. Seeial CRIMINALS being allowed to view investor's data. And they keep stealing mine.....TO NO AVAIL. Doing something over and over and expecting a difference: INSANITY

[TaxiCaT]

Short squeeze coming -

[keekee]

Major Discovery of 2020: THAT SEVERAL MARKET MAKERS ARE CRIMINALS, and these CRIMINALS get protection from NSDQ, EDGX, NYSE, PHLX, BATS, OTC OTHER, Serial criminal Citadel, CBOE, etc. Details in my upcoming book!!!! It will be EXPLOSIVE

[keekee]

By mercy, I don't mean put you in a good place...nope, just a little upping of your brains so you can work to justify your salaries and your obligations, instead of being CRIMINALS and regaling in Securities Fraud! I mean CRIMINAL MARKET MAKERS

[keekee]

Have bought several thousands here today from CRIMINALS parading as market makers and stealing my trading data. May God have mercy on your souls!!!!

[keekee]

I can see why it took a civil war to stop slavery. Feels powerful to have a group of people just wait and watch for you to say something or do something......it's a surreal power!!! I can see why folks to to kill 618222 men in order to stop slavery!!! But when you have willing slaves like these CRIMINALS called Market Makers, no need to shed any blood.

[keekee]

One can see why these institutions and co are always going for bailouts.....THEY HIRE DUMB CRIMINALS to execute deals and these fools just use bank money for their fantasies. Bank goes down and runs to the taxpayers!!! It's a sorry tale with the CRIMINAL market makers!! Very sorry tale!

[keekee]

LMFAOO....DUMB, PATHETIC CRIMINALS

[keekee]

Loading up here...getting to full strength now. God is Good!!!

[keekee]

I guess folks hardly go to jail when they commit these financial crimes, they just do it until they're caught. Take for example, Citadel. With all the various infractions that notorious from has had with the authorities, why would they collude with Exchange Specialists from NSDQ, ARCA, EDGX, BATS etc to steal our trading data and illegally appropriate same against us?????? Person liability is the way to sanitize these systems!!!!! Not paying fine and plunging right back into another form of the crime, putting individuals in your trading machines and setting those machines against them!!!! Worst FRAUD AND CORRUPTION in the market. And because these may require additional forensics to prove, the good folks at the SEC can't cope with such.

[keekee]

I guess I shouldn't be surprised though at the kind of folks these exchanges and institutions employ as market specialists. Claiming anything is possible these says. If someone can con his way to the highest office in the country, anyone can bamboozle the fat HR folks at these exchanges and be entrusted with money to GAMBLE. That is the great opening all these crime families are exploiting. And the entire system suffers!!!! How do you explain that Exchange agents at CBOE, NSDA, ARCA, EDGX, together with serial Securities fraudsters like Citadel and GTS, will continue to steal and appropriate our order routing data and trade in collective conspiracy specifically against us??? Can that happen in any decent order system??? We will get these folks exposed shortly. I am invested in this endeavor!!!!!

[keekee]

People have zero shame!!! Even with bank money, and with virtually all the crime families ganged against us, we are trouncing DUMB market makers in virtually all positions. You wonder how these people manage to get employed and entrusted with money to trade. Fools that ought to be changing oil at Pepboys, managing money for investors. I am SCANDALIZED!!!!

[keekee]

If someone buys me courvoisier....lots of it, maybe I will sell.and it will get to $3. Rekjnds of of Napoleon Bonaparte. As he was being led to exile, they asked him what he wanted. His reply: cases of courvoisier. LMFAOO at these babies being permitted to play with corp6and bank money!!! My goal is to make sure as much of it is lost at this time. Then the lawsuit takes the rest!!!

[kingsransome]

here we go $1.50 pivot $$$$ mhop

[kenjiroo]

OK, thx, was not thinking about selling at all after the RS

[surfer44]

Low valuation + bottom of the cycle + people putting money to work + the CEO is not acting stupid anymore.

[M-invest]

Hold next 2/3 weeks then see what's going on for long time bullish

[kenjiroo]

whats with this sudden boost ? dont see any PR