Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yesterday somebody bought 50,000,000 HEMP at ask in 1 trade.
In the last couple of months, that often is more than the total that trades at all prices in an entire day. Does anybody know if something positive is happening with HEMP?
Is anything happening regarding IDGC's AI announcements of several months ago?
For example, https://www.accesswire.com/731965/UTXO-Technologies-Inc-Wholly-Owned-Subsidiary-of-IDGlobal-Corp-Is-Pleased-to-Announce-a-Real-Estate-Investment-Transaction-to-Open-the-Companys-First-AI-Factory
About 820,000,000 more shares to buy at bid than to sell at ask on Level2.
As I stated previously, Interactive Brokers (IB) accepts buy orders for UBQU and another NO INFO OTC stock that I tested.
I probably did not state their commission rates, rebates, etc. too well. Just go to the IB website for their free and other plans, details, etc. As with some other brokers, their free & rebate plans may not apply to OTC stocks. Also, their margin interest charges seem extremely low, but vary by plan, balance, etc.
I just placed BUY orders for UBQU and another OTC NO INFO stock on Interactive Brokers.
However, you can only place orders for a maximum of 500,000 shares for U.S. stocks. I think that costs a $1 for most stocks, but I think they sometimes do have lower commissions if the amount of the order is extremely small. They also do have ways to sometimes get rebates on commissions. E.G., I sometimes actually get what they post as a negative commission for many option orders so I actually go positive on the commission.
Yes, you read my question correctly.
There already are several brokers such as Fidelity and Etrade which do not permit customers to buy stocks such as UBQU due to their No Info status. Others such as Ameritrade have announced they will do the same thing very soon.
I didn't want to open a new account and have them soon do likewise.
That's why I was wondering if anyone knew of a broker that announced they would still permit buys and sells (as long as the SEC & FINRA said buys for such stocks are still allowed).
Does anyone know of brokers who have said they will continue to accept both buy and sell orders for UBQU and other such "No Info" OTC stocks as long as the SEC & FINRA permit it?
This is a huge problem that probably millions of people (including me) cannot buy loads of stocks that we want to buy even though trading is not halted.
There is an after-hours bid at .0002 for 48+ million shares.
Does anyone use a broker who accepts SANP (and other OTC) orders for the pre- and post-market trading?
(Many do so for NYSE, Nasdaq, etc., but only a small percentage seem to do so for the other stocks.)
Over a billion shares at the bid!
Many brokers provide free Level 2 access to all U.S. stocks.
Some versions are live. Others may be delayed.
Ask your broker if they offer it. Even if they don't, they may tell their customers about other sources.
However, for stocks such as XMET which are in some special OTC category, some brokers just display a token amount such as 10K. For other OTC categories and in most other markets, there are rules that specify which orders must be displayed. It is called the Market Maker Display Rule (unless the name was changed recently).
CSTI (Canaccord Genuity) just got knocked out of 3 ask.
They usually aren't going to move on every order or batch of orders.
But after a while, the pressure forces them to move bid and/or ask one way or another.
Yes, CDEL (CItadel) and ETRF (the old ETrade which was bought bt G1X) just got knocked out of the 3 ask.
Besides that, ETRF is often the biggest MM in XMET.
100%?
I'll settle for 50% per day!
Tesla is joining the S&P 500, but it only is up about 20% since it was announced 2 days ago!
Ha! Ha!
PS: Another MM (CSTI = Canaccord Genuity) got knocked out at 3 ask. Now, at 4.
Yes, CDEL (Citadel) was knocked out at 3 ask so they had to go up to 4 ask.
I saw one mention of about 10.7802 billion shares fairly recently.
What the number is, it would be nice to know for sure. Maybe we'll find out soon.
Does anyone know the real number of outstanding shares for DRGV?
There was pretty high volume in GGII compared to its usual days. Sometimes it even trades 0.
20,050,000 shares. Evidently, 99.75% was buying at ask!
Does anyone know of some development that is in the works?
My guess is that it is a tax-loss selling crash in yet another stock.
I bought some when it dropped a lot, and it already has moved up quite a bit.
Suddenly the big buyers are back, and they have cleaned out the sellers.
Now both bid & ask are much, much higher. I don't see any news. Does anyone know of anything that is happening?
There was massive buying late in the day. It took out most of the shares at the ask.
Does anyone know of any news that caused it?
Despite what many people may think, the priorities for stock trading are set by SEC, FINRA, etc rules. Most market venues use first in, first out for a specific limit price with some exceptions such as for All or None orders. Plus, specialists/market makers usually can't trade ahead of other orders even in they posted their orders first. If anyone thinks they got screwed, they can file a complaint. I have filed various ones over the years. It may take months, but most of the time, I have gotten my money. Of course, baseless complaints won't get anything. If there are multiple complaints against specific specialists/market makers, many have been suspended or banned. The trading regulations are not great, but they are a lot better than say in the wild 1990's.
Anyway, in every bull move loads of buyers were willing to buy at ask or more all the way up. Naturally, the opposite is true in bear moves. So I just try to go with the flow as much as possible. Of course, on some of these big up moves, I wish I knew how to figure out when to sell! :)
So why not buy low, sell high?
I trade --- I don't hold stocks forever.
According to Quotemedia’s data, in the last 4+ years, MDIN has had 5 different surges when it started from .0001 and went up +400% or more. The best two were +1100% and +1500%. The biggest one was in late 2018.
Plus, there were many additional times when it had other sizable increases.
It looks like a reasonable speculation to me.
The transfer agent says the number of shares = 23,235,902
Today, there also were trades of 250,000 and 950,000 shares at 0.0015. One way or another, something probably was done to facilitate trades at the mid bid-ask, but many brokers usually don’t handle such orders.
Since nobody is selling to the bid or buying at the ask, I suppose they do not show either party as a buyer or seller. Maybe it could be treated as a both a buy and a sell instead. Perhaps, it is just a matter of semantics.
PS: There is another type of trade reporting situation that can cause confusion even though it is a legitimate trade. This also occurred for GNCP today.
On some systems there are about 4 trades at 0.0001. However, they really took place at 0.00015.
For U.S. stock trading, the usual minimum price increment is 0.0001 for trades below $1.00. However, buyers and sellers can use smaller increments by agreement. Also, some brokers and trading venues support trades at the mid bid-ask price and other types of in-between prices. Some computer programs are not equipped to show the extra digits, or sometimes a default setting must be changed to see them.
This has happened many times for many stocks.
Some websites even have the wrong yearly high or low price for a security! That can be because it was some sort of trading error that did not get corrected in their data.
Regarding different volumes for GNCP on various websites:
I don't know if this is what happened, but sometimes trades are reported in error, are later broken for various reasons, etc. There are many possible mistakes, mixups, etc.
They should be subtracted out, but even after all these years of computerized trading, sometimes the corrections are not made properly by some market data programs, brokers, etc.
Services such as Quotemedia save the closing sizes, but often they are way off because they miss by a few seconds or whatever. By then, many venues already have pulled them off L2.
However, for what it's worth, they do have what looks like might be reasonable GNCP closing sizes from Aug.26. That day, they show bid size = about 488.0 million and ask size = about 767.7 million. Quote was 0.0001 X 0.0002.
Do you have the bid size and ask size from yesterday's close?
At any rate, at one point today, the bid size was far less than the ask size, and now the bid size is higher. Plus there have been a lot of buys at the ask.
Etrade has the GNCP news bulletin.
Evidently, GNCP is going to become only a cannabis related company. This seems like good news for a change.
P.S. I'm not so sure about the part that says, "minimize market impact from trade execution." LOL
Apparently, MICA (Spartan Securities Group) deals mainly with less active stocks but for heavy hitters. Here is what it says on its website:
"Spartan Securities Group, Ltd. provides market making services to institutions and issuers in equity securities listed on the OTC Bulletin Board and Pink Sheets under the Market Maker ID - MICA. Our Equity Sales and Trading desk focuses on what Spartan considers an under-serviced market niche; less actively traded stocks that require special attention to minimize market impact from trade execution. Our understanding and expertise in this area serves as a platform in providing comprehensive trading services for emerging growth companies."
MICA is on the bid now.
Actually, been there for over an hour.
Massive buying of FAGI has started!
Anyone know what is causing it?
Massive burst of buying of TXHE!
What caused it?
Some buyers at 1 might be looking to take pretty quick profits at 2. However, buys for about 43% of ALL the outstanding shares are at 1 bid!!
The January effect is working again!
Many stocks such as RWLK that were already down substantially, and then they were obliterated by mountains of tax loss selling in December, are starting to recover very nicely. This includes NYSE, Nasdaq, and OTC stocks.
Plus, this is despite the general down market.
Zacks just raised its rating from 3 to 2!
They presumably think that it has gotten so low that it is a good buy now. Of course, they probably also think the fundamentals regarding drug approvals and usage are good.
Maybe a lot of the selling was the tax loss selling that battered many stocks, and most of that rates to be over. (Since loads of tax filers use a Dec. 31 yearend date.)