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There will always be flippers, they jump in and jump out in the same day. They don't do any DD, they just ride momentum. When it slows they jump out.
Hopefully he never sells! If he sticks to his plan he won't ever need to sell shares! He will make enough from the commissions!
The integrity of the CEO is the best DD you can do. If you can't trust the CEO don't buy!
I never buy or sell on emotion, I always do my own DD and I don't buy during the run up. I have been down, way down many times, but they always return if you buy right.
Hey look its 3:00 time to drive the price down again!!
I don't play a lot of penny stocks, but I have never lost a dime in penny land. Patience is the key along with a lot of DD.
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Isn't the whole idea of being granted a patent. That they have determined that you are the first with an original idea or product and you have the rights? Then anybody who tries to copy is infringing? If not what good is it to be granted the patent in the first place?
It's not worth all the money of a law suit, somebody will just buy it!
I think this is worth a buyout from somebody like AT&T. This has the R&D already done for them!
If you are flipping just be out with it! Don't act like you just read the 8k, that's the first thing you should have done! Don't insult us!
Right, you just looked at the latest 8k! You bought without doing the simplest of DD? You are a flipper so move on!
Any body else looking at level 2 on ihub? This is the first I've seen just about all the bid and ask disappear at the close! The MMs packed up and left except for 3 or 4. Now they are all back much higher!
The Ax
The most important market maker to look for is called the ax. This is the market maker that controls the price action in a given stock. You can find out which market maker this is by watching the level II action for a few days - the market maker who consistently dominates the price action is the ax. The ax isn't always trading the stock in one direction or another. Sometime he is keeping it in a tight range and sometimes he is not there at all and another ax may step forward. Note that there are times where there is no ax present. The point is the ax is the one to watch closer than all other parties or MMs. Many day traders make sure to trade with the ax because it typically results in a higher probability of success. Note that the ax is not static. On any given day any party can be an ax, there may be one ax in the morning and another in the afternoon. If a big order comes onto the trading desk of a firm that doesn't do big volume in a certain name, the ax will take care of it and command the action. An ax can easily use an ECN to hide much of their action. They can and will use fake outs. Keeping an eye on Level 2 will reveal the ax.
Each market participant is recognized by the four-letter ID that appears on level II quotes. Here are some of the most popular ones: NITE, ETRD, SCHB, TDCM & ARCA.
NITE - wholesaler
SCHB - wholesaler
TDCM - retailer
ETRD - retail ECN
ARCA - an ECN
NITE : This is the king MM of the OTCBB. He intimides traders and other MMs use that to their advantage knowing that he scares them. That's why NITE is the shaker on most stock runs; he is the most common ax. NITE could be on the ask all the time, he could be leading a dip scaring sellers to SCHB and TDCM on the bid.
Other ECNs : ARCA, BRUT, BTRD, INCA, INTL, ISLD, REDI
Wholesalers : ETRD, HRZG, MASH, NITE, SHWB
Big Shorters : JIMK, POND, GNET or ARCA (anyone can use GNET, even other MMs because it's an ECN).
TDCM - retailer MM.
Top Retail Dilutors : ACAP, AGIS, BAMM, BMIC, CHIG, CLYP, FANC, FRAN, JIMK, MAYF, NATL, PERT, SACM, UCAP, VERT, VFIN
Biggest OTCBB ECNs : GNET, TRAC & DATA
Yeah I know, I'm just saying somebody else is working this PPs!
There is not enough volume here to attract many flippers. This has to be manipulation by the MMs. As soon as its starts to move nite takes over and walks it right back down.
We are going to see another big T-trade at the close today.
Here we go again, Nite walking it back down! I wonder why they really are trying to keep this down.
A better economy is better for everyone! Even MYEC!
You know how you sit back and watch a penny go from nothing to multiple pennies even a dollar one time. Well it's not to late here get in and hold. This is one anybody can get behind!
I thought it meant someone found some DD that gave them a heart attack!
BTW if the MMs are short they do not have to cover in 3 days like we do. It is my opinion that the shorts here are the MMs and not flippers. They are hiding bids and lowering the ask. However this is legal, it just sucks that we don't know what their agenda is so we to can profit like them.
This is nothing new. All of this has been discussed here time and time again! I brought this up myself from the beginning. This company is in the process of turning around. We know that there has been now revenue for years. They ran into trouble back in 2008-2009 and lost everything. In order to save the company money they moved the office to Ed's house. They did have revenue coming in in the past if you go deep into the filings. They did trade at one time on the Nasdaq for 197.00 dollars a share. We know the share structure has changed since then. However it's been stated by the company in the past several months that they are turning it around. They have several new deals all verifiable. This won't happen overnight! It takes time to put all this into motion. That is why I am along, this is not your normal penny stock, this is a come back story. So please we all know this, don't act like we have our heads in the sand. Some are just over excited for the future of this company. If you can't take it! Move on.
My first look at this company was very negative! All the DD pointed to a company that had lost its chance in 2008. However the deeper I dug I found some promising things that changed my mind. This spurred me to go places most can't go(almost got me in to trouble)and what I found caused me to buy in. I really believe long term this will come back,to its former glory. I check in most days but the PPs doesn't bother me at these levels at all. This is going to go up and down for months, even after the Q2 comes out. However there will be more banks signing on over the next few months and the revenue will start to come in. The system is popping up all over the place!!
I have rarely seen a stock held down like this one. I have never seen so many large t trades this regularly. Something is up! Lots of signs here!
See its getting around! Cool find! Everybody just needs to be patient!
Somebody wanted it to close lower! Wow a .62 cent sell!
The news we got was good news, but not news that will drive it way up. When there are contracts signed and revenues start to flow, then the PPs will go up. This is the type of patent that gets bought out!
I trade by my own DD and the potential they have. In other words I take an educated risk with money I can afford to lose.
Pure manipulation!
I don't trade pennies by charts! Way to much manipulation and emotions involved!
The mms are recycling shares among themselves.
And exactly what questions are you asking?
I k ow you didn't ask me but, I think it's to lie, cheat and steal his way to your money! Oh, and look out for your sister!!!
So you would lie to make it go down so you could get in cheap???
You gotta love a 30 dollar trade!!
I wonder what would happen if everybody removed their sell (including stop losses)order for 1 hour? Might give us an idea to how locked this is.
Agree! The MMs make no money on the longs!
BTW the real DD here is factual, not speculative!
2 Quarter report is dew anytime! You only lose if you sell! You can't build a billion dollar company in a few weeks. You must be using money you need?