is filling out his status report.
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Let's clear some of the air about MMs. Part 2
A MM must sell short to make market, when they have no shares in inventory or don't have a matched seller. The problem with "naked shorting," is not so much the MMs themselves, as they are often required by regs to do so.
http://www.investrend.com/articles/frame.asp?sUrl=/link_redirect.asp?Url=http://www.sec.gov/spotligh...
The real problem with naked shorting is the lack of resolution via the DTC. If the DTC and especially the SEC did their duties, there wouldn't be a problem.
Let's clear some of the air about MMs. Part 1
Market Maker
A "market maker" is a firm that stands ready to buy and sell a particular stock on a regular and continuous basis at a publicly quoted price. You'll most often hear about market makers in the context of the Nasdaq or other "over the counter" (OTC) markets. Market makers that stand ready to buy and sell stocks listed on an exchange, such as the New York Stock Exchange, are called "third market makers." Many OTC stocks have more than one market-maker.
Market-makers generally must be ready to buy and sell at least 100 shares of a stock they make a market in. As a result, a large order from an investor may have to be filled by a number of market-makers at potentially different prices.
To learn more about the basics of trade execution, you should read Trade Execution: What Every Investor Should Know.
http://www.sec.gov/answers/mktmaker.htm
memesphere: I'm sure you mean well with your advice, but first remember that he's got 1K to play with. Depending on his broker, he'll only have enough left to make those kind of trades that folks will be quipping that it's signals between the MMs (Snick! Snick!).
Let's remember the analogy of the person getting good golf lessons. It's three weeks before the student can even hit the ball! But the student will hit the ball right. Good habits are formed early. Quality habits lead to quality instincts.
demarco05: as a followup, maybe you will find some pointers here: http://www.investorshub.com/boards/board.asp?board_id=5850 Feel free to ask away.
demarco05: the boards are helpful for more experienced traders and especially those individuals that truly understand human psychology. Otherwise, one will find out that he/she is the patsy. Invest some of that money in some good trading books first. With only 1K, I hope that you're signed up with Scottrade.
stratocasterca: sorry, that's not in the charts. Buy ERHE, only on obvious manipulative P & D plays and quickly secure profits.
mnfats: no; CTT is one of the few issues, that I'll ride out storms. I had a higher target at the time, also. CC on Friday should be slightly positive. Any real improvement in quarterly flow might cause it to go to my previous target. I view CTT as a reasonable niche entity that can deserve regard than mere trading.
I continue to accumulate, as I watch Level 2 games being played. I've lowered my target considerably to 4.10 from 5.50. Still there is money to be made here.
Ah, so the three idiots that sitting in the back will then realize that they are in the wrong place for Bumbling Fools Anonymous?
PieSky: flippers out of the way??? Indeed!
http://www.amazing-journey.com/htm/tomsc12.htm
The Fundamentals of Trading Stocks - #6
Have an entry price target AND and an exit point target, BEFORE you ever hit that button. To fail to have have this plan, first, is somewhat like jumping into a vehicle, without checking the fluids and not having a map and not knowing why one NEEDS to go to a particular destination. This is a candidate for being lost. It segues into losses.
There is great trading value in being able to understand charts. They are not a panacea, but they do a 95% effective job of keeping one off of a long and winding dirt road that ends with a grizzly looking character holding a scowl and a shotgun, at the same time.
The Fundamentals of Trading Stocks - #5
Beware of the naked man that offers to give you his shirt. Message boards are replete with short-and-distort, pump-and-dump, front-end-loader, etc. operators. If claims made seem too good to be true ... well, you know the rest.
If you don't know the saga of Jonathan Lebed, then check this out: http://www.cs.brown.edu/people/rbb/risd/Lebed.html Yet, in 3 years time, he is running a stock tout site and hundreds of people are spamming it on message boards. He learned his lesson: become a more sophisticated scammer.
The Fundamentals of Trading Stocks - #4
Do your homework. This known as doing your DD (due diligence). If you are ready to trade in a stock, have you read that company's SEC reports? We call these clues. Five years from now, if Ken Lay was the CEO of a publicly-traded company, would you know? If 500 million new shares just got issued and the BOD was selling, in mass, would you know?
The Fundamentals of Trading Stocks - #3
Never play with scared money. The stock market is like a giant poker game. It picks out the patsies quite quickly. As Warren Buffet was once remarked, "If you're in a poker game for more than 15 minutes and you do not know who the patsy is, then you're it." (I'm winging this one; look it for yourself.)
Playing with scared money violates principles laid out by Abraham Maslow's Hierarchy of Needs. Playing with scared money makes one subject to the twin monsters of greed and fear.
If you can't afford to lose it; don't put it in.
The Fundamentals of Trading Stocks - #2
Be different than the crowd. Groupthink is detrimental to human beings, in all factors of life. The late Earl Nightingale pointed out how the six major decisions in a person's life was usually made for them, by that individual's peers, who were usually there by default, rather than design.
To trade stocks, one has to be smarter than the crowd. For years, I have urged folks to read The Crowd by Gustave Le Bon. One can access it on line, for free.
The Fundamentals of Trading Stocks - #1
All stocks are scams. The issuing of stocks is really not any different than the U.S. Congress, in breach of fiduciary responsibilities, according to the U.S. Constitution, abrogating their duty to coin money, in favor of handing it over to the privately owned Federal Reserve System, which issues fiat currency.
Inflation is solely and originally derived from dilution of currency. Yes, I know that it is more complicated than that and many factors come into play these days. Still this truth remains. One can argue than market forces, such as various gold rushes, produced rampant inflation. This would be a sound point, except that these examples were localized.
The printing of shares to conduct mergers, etc. is as bogus or counterfeit of an excuse, as the shares themselves. There are the rare companies, such as MSFT, that brought exponential value to its shareholders, in lieu of committing them to becoming bagholders.
Therefore, the stock is driven by what is called: The Greater Fool Theory. Thus trading of stocks requires more knowledge than, at least, several other participants. Many traders will say, "Trade them; don't marry them." This little ditty is quite helpful to remember.
Mr MT: great to see you drop in just to see what condition my condition was in. ~ smirk ~
Welcome everyone to the world of trading, which is scary and fun, at the same time. Let's share ideas and information together, please.
rlangmaid: the stock market is a giant poker game; often described as "The Greater Fool Theory." I am of the theoretical belief that all stocks are scams (some to lesser degrees than others). My edge is my vast knowledge of human behavior.
I suggest before you ever put another penny into the market, I powerfully urge you to read The Crowd by Gustave Le Bon.
http://etext.lib.virginia.edu/toc/modeng/public/BonCrow.html
I propose that this board adopt an official deli:
http://www.isaacsdeli.com/
YankeeAce, first off, I was born in Connecticut, so I can only hope, for your sake (Chuckle!), that your alias does NOT have some sort of positive reference to the Bronx Bombers; but then I digress.
This is a mining operation that seems to have actually struck gold (What a novel idea!). I'm not a big buy-and-hold fan, especially for OTCBBs. No one ever lost money taking a profit. Playing between the Bands is one of my favorite strategies.
It is refreshing to see you're not a to-the-moon-Alice sort of trader.
Greetings to those that checked out the prospectors' prospectus. Actually, I have become interested in the company, as of yesterday, when a man, that obviously doesn't know stocks and is not even invested in the company, showed me some rocks/ore that came from one of mines. He said, "They are a bunch of bikers that are prospectors." He knows several of them.
So from his scant info, I quickly found the company's site and was pleasantly surprised. So if you don't "mine," I might just become a fixture here.
PieSky, LOL "Just try asking the roulette guy to stop the wheel... I wanna get off!...lol" Ah yes, that reminds of the time when my daughter was about five and wanted me to spin her hard on a ride at the playground. She soon wanted to get off. It wasn't too easy trying to stop that big "wheel." We decided that we wouldn't do that again.
PieSky: indeed, success in anything, usually results from learning from mistakes and making the adjustments to be able to skillfully chart the winning course. Most people fear failure, i.e. mistakes. Trading stocks is simply a giant poker game. Money management and quickly cutting losses will always lead to a winning pot. The great advantage of trading over poker is that we have all sorts of tools, including SEC reports. Then the final killer is being able to buck the crowd. Stock-specific message boards usually foster group-think comraderie rather than unemotional discipline.
NLN is joke!
Well ...
Maybe I am bringing something to people's attention or not. I have previously held large positions with CTT and now hold a rather small one. Recent events tell me that it should climb a reasonable amount over the next months; probably hitting 5.50 or so. As always do your own DD and trade and don't marry them. However, this was one of the few that I held for a substantial time (and made money - which is a good thing).
If no one else wants to discuss this, that's fine, I won't keep bringing it up.
Has anyone here ever followed CTT? TIA
Remember: SSBS!
CWTD is being spammed. Does anyone know of any real action with it; other than the fluff PR? TIA
Does that mean that towels are optional?