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Who would pay .27 to buy 9.1.1 shares...is this a signal, or call out...JMHO
March oc 2018 was their last PR...
100M shares traded the first 4 hours and nothing the last two hours...what's going on?
WOW...Who would sell 850 shares for $6.56...which cost them more to sell the shares than to keep them... Hey...not my first encounter with being a bag holder... LOL Time for some news, and some profit from this pig...
A good time for a PR today or tomorrow...leading up to the conference on Friday and Saturday...starting the running of the PPS, and carrying through what can be a successful weekend...with potential many partners... JMHO, of course, FWIW...
The future is NOW...$$$SAGD...
The World Anti-Doping Agency just gave Olympic athletes the green light to use CBD products — or cannabinoids — to manage their pain.
And it only took 2,800 years. More on that in a moment...
The ancient Greek physician Pedanius Dioscorides wrote extensively about CBD and cannabis in his five-volume medical text.
This is huge news for people who depend on their bodies to perform at peak levels day in and day out.
But it’s also big news for my patients at the Sears Institute for Anti-Aging Medicine.
You see, living where I do in South Florida, I have a lot of patients of retirement age. And they moved to this area so they could enjoy their days outdoors playing golf and tennis all year round.
But the aches and pains that go along with getting older sometimes keep my patients from doing the things they love.
My patients want natural solutions to treat their pain. And that’s what I offer them. But now, I have a new tool in my arsenal that’s highly effective, natural and safe — CBD.
You see, my patients know that Big Pharma’s painkillers are not a good long-term choice. By now, everyone is aware of the opioid epidemic in our country. But even over-the-counter pain meds are dangerous…
When this boy runs, he is going to run hard...and fast...look out .10 cents. JMHO, of course, FWIW
Fluff PR that investors are not buying, it looks... JMHO, of course, FWIW
File Date: 5/25/2005 Thirteen years old, right?
I would think that an explanation of "some nice churning today" might need explanation...especially with the humongous trading shares hitting the PPS changing 52,000 shares... LOL Thanks
Past .025 and she could fly...with volume...come on, $SAGD...show us the blue sky...today...
What is happening on level 2? Is there news?
This boy is about ready to pop...IMHO
There appears to be very little dilution since I have been holding this stock.
Also, other positive things mentioned with the reduced 200 M shares being retired, name change, being in a relatively open area with the financing and promoting of MJ markets, all should bode well with the cleaning up of the company...one that might blast off really to blue land, if the acquisitions have any teeth, and these acquisitions have positive financials to add to the deal... .10+...and quickly...IMHO, FWIW
There are some downsides, with the CEO promising these acquisitions a couple months ago, which has caused erosion of the PPS...
Someone tried to buy the entire 198,000 shares on the ask, and, what had previously been a regular movement with the MM's did not work this time... LOL
Some of these MM's are no longer in business, but the info is good...
There definitely is Market Maker Manipulation in OTC Stocks.......
For example, a trader is ready to open a long (buy) position. He or she goes to their level II display and notices that several big player MM’s all are on the inside bid with say 8 or 9 other participants, with large size.
The trader thinks "ok I've got support (many offers to buy), and the ax (NITE) (another term thrown around the internet…) on my side, this is a good time to BUY."
They receive their buy confirmation and a few seconds later the stock starts to fall. All the big boys have left the bid (buy) and are now on the ask (sell). The stock is dropping fast and the trader feels panic taking over. They wonder how this could happen with all the bid support they had upon entering their position. Well, they've just been had. Welcome to loser day trading.
Most of what you see in Level II is about "head faking" and hiding true intentions. In fact, it's the market makers job to cover their intentions (buying/selling) and to cause price movement in their favor for themselves and their clients. They use Level II for this purpose. That's their business. If a market maker has an order to buy 500,000 shares, they're not going to sit on the bid all day. The whole world would see this and bid the price up, knowing that the market maker would be a buyer.
Instead, they'll play the game. Go on the bid with large size to push the price up a little, maybe even up tick (move their bid up one level) to push the price a little higher. All the while they're using an ECN, for example INCA, to sell short the shares the unsuspecting trader is buying (thanks Mr. AX). Then they move to the sell (ask) side with large size to cause a mini panic.
In this case, the market maker or makers were showing a false bid on Level II. Instead of wanting to buy the stock they really wanted to sell the stock, which they were doing through INCA.
As the panic heightens and the stock drops, the market maker will buy back the shares they just sold you at a higher price pocketing the difference (this is called selling short).
You will not see them buying back the stock because they will be buying through an ECN. Very effective, and designed to profit off of traders that look for support and resistance on the Level II screen.
What does happen is a company who has Billions of share to dump, contracts a distribution market maker to dump and receive certain amounts of total funds for the dump, and the MM gets percentage bonuses for the amount dumped. They'll flash different amounts of share in the ask side. But if they flash it inside the bid side, just to manipulate the price, it's a federal crime. Distribution, clearing houses, MM's are watched all to closely to take chances, especially inside of penny stocks where delusion sends reports to the SEC on a constant basis.
Market Maker Manipulation
More evidence of Market Maker Manipulation in the OTCBB. Background: A veteran of 20 years as a Market Maker would seem to qualify this commentator as creditable. He's in private trading now, but has some definite conclusions regarding Market Maker Manipulation (MMM) and what must be done about it. He cites incidents of suspected manipulation in many stocks, based on the numbers.
For example, "First, one must ask themselves why do Market Makers get to hide in the OTCBB market, not revealing their short positions. This appears to be the main issue behind all of the problems. MMs should be required to hold a very limited amount of a short position (say 10%) which is not held by a paying customer/client." "When Market Makers have an infrastructure in place that allows them to cheat, they will cheat. When they are allowed to -- behind closed doors -- have a HUGE short position and are never made to balance their position in the reasonable short term, they will never correct their positions. Full disclosure of short positions in all OTCBB stocks should be REQUIRED just like it is with the other markets: NYSE, NASDAQ and AMEX."
"It is my honest opinion that there has been ample evidence of late that Market Makers are manipulating OTCBB stocks. I believe that the law of supply and demand should apply. When more buying occurs, a stock should go up. When more selling occurs a stock should go down. This does not seem to be occurring." "I shall give two examples where I have personally been affected by MM Manipulation.
The first company PPS closed at 3.9 cents, up .002. During a specific period, the PPS was around .08 cents. Since that time there has been approximately 89 million shares bought and 10 million shares sold. According to the laws of supply and demand the price should go UP. One might expect the stock to be around .11 or .12 cents if not more!" "After all, for every share sold nearly 9 were bought! Today the stock is nearly 40% down due to unfair trading by MM’s."
The second company PPS was at about 6 cents, dropped to about 3 cents, and closed at 3.5 cents. "Recent transactions show that during a specific time there were 14 million shares bought and around 2 million shares sold. For every share sold, around 7 have been bought. The stock has fallen unfairly from .065 to .035." "I still own around 280,000 shares. I am divulging my positions in these stocks so as to be open and honest. Shouldn't the trading community have the same right from the Market Makers? Shouldn't MM’s be required by the SEC to fully disclose their positions, both long and short?"
Comment: The evidence is admittedly anecdotal, because unless some repentant MM decides to spill his guts, no one has access to proof of MMM (Market Maker Manipulation), and the MM’s certainly want to keep it that way. But as the anecdotal evidence builds and the pattern evolves, what are reasonable and objective investors to conclude?
Please require the OTCBB Market Makers to operate with the same integrity demanded in the other markets that you enforce. The lack of enforcement is allowing manipulation not tolerated by your agency, in other markets. This is a clear unfairness to the investors, and should be rectified swiftly. It is not right for our (my) government to know about this problem, and be so slow to act. Same conduct & guidelines/requirements for the Market Makers should be employed and enforced across the markets. This should, and could be done without delay.
Market Maker FAQ's
2. Market Manipulation or doing their job?
a. Do Market Makers manipulate the market?
i. “Market Manipulation” is an emotive term, and conjures images of shady deals and exploitation. Market Makers are not elusive companies that appear then vanish overnight. Market Makers are duty bound to make a market and to meet the needs of those they are responsible to (See 1d.) to this end they may try to influence the market.
b. How Do Market Makers make their money?
i. Market Makers make money from buying shares at a lower price to which they sell them. This is the bid/offer spread. (See 4.) The more actively a share is traded the more money a Market Maker makes.
c. Surely a Market Maker raising/lowering the price on news/rumor without any buying or selling is manipulating the market?
i. No, not really. If the Market Maker was to keep the price steady on the release of news they would find themselves with lots of buys or sells which they had no choice but to fulfill at the screen price but before they could find matching orders (buys for sells, sells for buys) they would have to change the price and they would then loose money through market exposure. This is bad for them and for us. (See 3.)
d. Why do Market Makers raise prices on Monday morning for shares tipped in the Sunday press?
i. This is the same as question 2c, because the Market Maker needs to ensure that there are enough sellers to fulfill the needs of the buyers responding to the tips.
e. Suppose my screen shows all sells and the price is increasing, what is the Market Maker doing?
i. An explanation of this phenomenon is given in a company, which very briefly shot up to 73p before settling back comfortably to the 50p support level. The likeliest explanation is that the Market Maker had an Institutional order to fill and no stock to fill it with (this trade would not have shown up on peoples screen until somewhat later), under their obligations to create liquidity in the share the Market Maker is obliged to gather a stock holding, only possible if they can encourage people to sell, which can be achieved by raising the price. The order is likely to have been large enough to be significantly outside the NMS thus allowing the Market Maker to gather a fairly significant premium on the price (probably being some-where between 50p and 73p allowing the Market Maker to offset gains against losses and still profit). Once the order is filled and the market volumes return to their "normal" levels, so does the share price.
f. Do Market Makers ever lower prices to “panic” investors into selling, sometimes called “shaking the tree”?
i. Yes, moving the price up, encourages sells, moving it down also encourage sells, take another look at this specific company, in the first instance, the price was hiked way up despite the 50p support level, but at 50p few of the people who got in between 20p and 45p are going to sell (and look how many buyers there were still at 50p), the rise was meteoric, smart money just ignored it as it only lasted about 2 hours, but what was probably caught was huge investors who were in way before 20p and had forgotten about it, now they want out. The Market Makers order gets filled, the price settles back to a smart support level and volumes decrease, however the Market Makers gets another order to fill, maybe not so big, maybe not so prepared to pay the premium, but you also know that there are a lot of people out there waiting to see if it's going to shoot up past the 50p support level again or dip and if it dips they're going to sell now before it dips back past their 100% profit level.
g. Surely delaying the posting of trades is Market Manipulation?
i. This was allowed as part of the SETS trading system when institutional investors pointed out that with 100% transparency, any other institutional investor would be able to trade against that position which would put their client holdings in jeopardy. Further, with 100% transparency, if it could be seen that an institutional investor was (for whatever reason) adjusting a large holding in a particular company it could also scare private investors into selling or alternatively encourage them to invest without doing their own research. Both scenarios lead to either over- or under-selling and an inaccurate reflection of the company in the share price as a direct result.
h. Do Market Makers try to reduce volatility?
i. Sometimes, usually at the request of the client (see 1e), this is mostly done by increasing the bid/offer spread therefore discouraging trading especially by day traders and also by marketing the clients shares to institutions in the hope they will take up long term positions.
ii. By asking their client to reduce the number of news releases.
i. Do Market Makers encourage liquidity?
i. Yes, partly because they have a duty to their client to ensure an active marking in their clients shares, and partly because they have a duty to their shareholders, it is only through trading/liquidity that Market Makers make money.
j. How do Market Makers encourage liquidity?
i. Partly just by being there, by being the enabler to liquidity, they will always buy or sell shares if you want to.
ii. By narrowing spreads.
iii. By encouraging their client to produce news releases.
Listing of Some Retail Market Makers: Many of these MM’s have fallen by the wayside, as this information was provided some years ago…but you can get an idea how they work…how some have very special duties that they perform for their clients. For example, it is widely known that VFIN is used to short a stock, dump shares, and to drive the PPS down from the ASK side.
These are the market makers from very popular brokerage firms. They handle a lot of the order flow for small retail investors:
NITE - NITE
SCHB - Schwab
SBSH - Smith Barney
MLCO - Merrill Lynch
ETRD - ETRADE
GSCO - Goldman Sachs
JEFF
VERT
DOMS
VFIN
PERT
BKST
BNCH
This is the list that you really have to master because these are the MARKET MAKERS that handle promotions, insider transactions also S-8 and CD Transaction.
CD: means Convertible Debentures they are loans that come due and get sold into the market by the loaning company.
FANC: major S- 8 player: if there is an S- 8 on a Stock most likely he will be there on the ask until it dries up
HDSN: major CD Seller Handles a lot CD transactions.
VIEW: love when he’s on the bid
MAXM: one of the favorites: smart money more like a trader than market maker replaces GNLN for now.
CLYP: heavy seller if you see him on the bid it's unusual
SACM: love when he’s on the bid
ABLE: like it when he’s on the bid
ECN MARKET MAKERS ARCA (formally GNET): very active used by traders, market makers, any one can use ARCA you have to know what your are doing. If you have access to ARCA trading system you can use the ecn.
TRAC: owned by my track if you trade with my track you can use this to place your trade as a liquidity outlet same 4 data.
DATA: owned by my track same concept as GNET & TRAC
There are probably a few market makers that I left out or there will be a few new market makers that show but for the most part these are the major players. Good luck hopes this helps.
Some previous research is some have interest in reading...hope it is not out of line...
About the MMs (Market Makers - Market Manipulators) in ERBB, and many thousands of other stocks...please note that I am an inexperienced investor, and that these are just some of my thoughts, research, about MMs...
I have always been fascinated by their job description, their market participation, the absolute dictatorial control that they have over the trading of stocks, their absolute power/authority to make a market and/or manipulate that same market, depending on the financial needs and requests of their clients, and the many ways they are exposed on level 2;
their complete authority/control over the movement and/or lack of movement of a stock; their anointed (by the SEC) ability to make their own rules...to bend the rules and/or ignore them entirely...with little chance of being held accountable for their shady manipulation of investors money;
their clever use of "naked shorting" of shares that they do not even own, or have in their possession, and not let it be known to the investors that they are stealing/borrowing the shares from... because they do not have to report shorted shares, especially amongst other MMs, there is NO accountability, and NO way of knowing exactly how many shares are shorted and hidden from the market place - there could literally be a billion or more shares naked shorted by MMs in ERBB throughout the history and many name changes of the AG security - this could be one reason why the stock has been channeling for many months without moving any appreciable distance, up or down;
they are allowed to deceive investors with the false posting of shares they are offering on the bid and/or ask...this "head faking" is dishonest, in the least, and possibly criminal, at best, as they are allowed to legally deceive investors with a 10,000 share offer to buy or sell shares, or post bogus high share numbers to deceive investors, and potential investors, into thinking that the stock PPS is going to move in a certain direction, dependent on the loaded direction of their "head fake" - this is observed on level while one watches bought and sold shares on level 2 run into the millions before they pull back from a particular bid or ask position - NOT market making, but pure market manipulation, without question;
their authority to freely interpret their own rules, at their own discretion, and with the complete support of the SEC; their ability to hold a stock PPS down, or let it run, when there is NO rhyme or reason; their ability to buy and sell shares amongst themselves; their ability to cover shorted shares for each other; their ability to use certain MMs, such as VFIN and VNDM, to sit on the ask and destroy any chance of a stock running with a standard intimidating, in your face offer of 10,000 shares always showing on the ask;
Let me see if I can simplify the role of the MMs through an analogy and analysis of a baseball game... For example, from the MMs perspective, and those that employ them, the outcome of the game is never in doubt, as thousands of companies are driven out of business every year, as a direct result of shorting organizations hell bent on destroying the foundation of a company; The MMs completely control the contest, from start to finish.
An MM is also the pitcher, he has the ball, and nothing can happen until he pitches that ball; the umpire is another MM, that can squeeze/pinch the plate whenever he wants, giving the advantage to the hitters; and he can have a loose, inconsistent, bigger strike zone, that favors the pitcher;
he can favor the Bears and/or shorts and drive the PPS lower, sometimes with little or no volume; he can sit on the ask and not permit any kind of bullish activity to take place, thus killing any kind of upward PPS movement; he can allow his fellow cohorts in crime to break SEC rules by allowing them to cover short positions at the bid, instead of the required ask; he can allow investors/stockholders to buy on the bid, and sell on the ask, which really brings more confusion and doubt into an arena that already ruled by panic, fear and greed;
he can also favor the Bulls by allowing a stock to break out and run; he can channel the PPS for as long as he wants, allowing the dumping of convertible shares; he can knowingly allow a criminal, rogue company and management to dump hundreds of millions of shares, and even billions of shares, into the market, as he knowingly allows this criminal act and deception to occur and cause bad things to happen to good people and companies;
Furthermore, he allows, through the umpire MM, the rules of the game and integrity of the game to be compromised/changed by many MMs that periodically take their turns at umpiring,(the AXE lead/controlling head umpire position) throughout the course of the game...each making calls that favor the hedge fund, shorting organizations, or even other umpire MMs that have already had their turn at influencing and/or fixing the outcome of the game for his clients; he willfully allows these entities to drive the companies completely out of business...with each other's help, working in unison with other MMs to destroy the roots and foundation of a company; NOTE: in one previous calendar year there were 7,000 companies that were shorted out of business - all profit for the shorter, who is legally allowed to use whatever means he chooses, legal or illegal, to systematically destroy the foundation of the stock market;
Level 2 shows a lot more than just the upward or downward movement of a stock PPS. Observe the MM games, the inner communication between the manipulators, the ways that they move the PPS around, hide the dumping of shares by breaking up large blocks of stock, and also observe the defiant arrogance, at times, wherein they just show those large block dumps...many times to intimidate investors, and often times to stick it to investors and break it off...
Yeah...right...I know, I am nuts...this cannot be happening!!! "The enemy, our adversary, walks around like a roaring lion, seeking whom he may devour."
All this having been said and done, it is time for this "blind" ERBB squirrel to find an acorn, as he has certainly "scratched" long enough... AJMHO, of course, FWIW
Someone wanted the 12% loss so bad that they sold $100 worth their 8500 share trade... LOL Without this we would have finished in the green...
I am continuously reminded that there are NO limitations on ignorance, especially where cheerleaders are involved... Stupid is as stupid does...or says... LOL
South American Gold Corp Announces World Class Keynote Speakers for 1st Annual Utah Medical Cannabis Conference
Today 7:48 AM ET (GlobeNewswire)Print
South American Gold Corp. (Sativa Growth International) (OTC Pink: SAGD) ("Sativa Growth", or the "Company"), is proud to announce the first line-up of keynote speakers for the 1st Annual Utah Medical Cannabis Conference, Utah Cann2018, to be held at the Mountain America Expo Center in Sandy, Utah on October 19th and 20th, 2018.
Among the growing list of keynote speakers are CEOs of international cannabis companies, cannabis experts, industry leaders, distinguished cannabis officials, policy makers and government representatives from the State of Utah, as well as across the nation.
Gary Austin, Director of Sativa Growth, commented, "The objective of Utah Cann 2018 is to educate. By facilitating open conversations between the general public and industry leaders we are able to clearly define the opportunities and impact of the cannabis industry in the State of Utah. This type of interaction is imperative to not only educate the consumer, but also the future of cannabis related businesses in Utah. The evolving list of speakers, presenters, and vendors promotes the class and professionalism of the event, and we are excited to have such tremendous support. As the speaker list grows, so does the excitement, and the list of attendees."
Included in the lineup is Ms. Stormy D. Simon. Ms. Simon has been a Director at Hightimes Holding Corp since November 2017. Ms. Simon served as the President of Overstock.com Inc. since July 27, 2016, and also served as its Co-President from February 22, 2013, to April 10, 2014.
Public figure and cannabis activist Chris Martin will also attend the conference and deliver a keynote speech. Mr. Martin is an entrepreneur in the cannabis industry, opening Arizona's first Hemp infused cafe and retail store and founding an interactive web-based cookbook and website to share cannabis recipes entitled "Convicted Creations" (as found on thechrismartinstory.com). He has also authored a book entitled "One Life" which is on pre-order now, and he is also currently filming a documentary for Amazon Prime. Filming is scheduled for the conference as well.
Co-Hosted by Salt Lake City Weekly and Sativa Growth (SAGD), UtahCann 2018 is the first ever medical cannabis event to be held in the State of Utah, marking it a historical event. The event is expected to draw more than 8,000 representatives from the community, cannabis industry, policy makers, customers, members of the financial community, investors, and others interested parties. The conference will include 15 speakers addressing the most important issues concerning medical cannabis, including legality, governance, regulation, usage, commerce issues facing the industry, marketing, distribution, and more. Over 50 Industry related companies will host stands in the 75,000 square foot exhibition hall.
For more information on the conference, see utahcann.com
LOL...only shares traded when you added shares were on the bid side... Some of the cheer leading is quite amusing...nothing wrong with being positive, I guess.. LOL
When I first bought this stock, I listened to the CEO in a live interview, and he talked about Arkansas, a lot, about a West Coast State, either Washington or Oregon, and TN...it was on the blog program that SAGD owned... I should have paid more attention... LOL
SAGD needs money, as they have NO revenues...others need revenues in the Cannabis industry, as the system has never been nice to small businessmen trying to make a go.
The kicker for me is can they pull together the financial side of it to bring out the great potential of small cannabis...if so, then, holding this company will be an extreme flyer...if the big holders do not kill it with large profit taking sells... Time will tell... JMHO...FWIW
PPS rule usually dictates the quick drop to create panic before the return to stability...nothing has changed...just the timing...if this thing is going to fly like all the cheerleaders have been harping...it will run... IMHO, FWIW...
We might need to see some buying power this last hour...
Short for the moon - If you fall short, you still are among stars... LOL
.10 cents would be "good"...
We will know when things are about to blow up...the MM's will probably make a quick drop in the PPS to take out some stop loss investors... JMHO
LOL...soooo true, for several on this board...
Churning beautifully here to the tune of 214,000 shares traded in 45 minutes...LOL Whatever it takes, I guess, to keep the stock PPS high enough to allow them to sell their boatload of shares for a profit... Being positive is a good thing... I guess a good PR can really change things... The stock is alive and looks as if it can really move fast with buyers... Go baby...
It is interesting to watch OTCX on the bid and ask sides, as he shows up at different times...maybe someone has a higher level of level two understanding than i do...and would like to enter. He is new pretty much to the investment arena...
1000 shares of .0205 is the high of the day...and first and only buy of the day at this price...I would suspect that it does not mean it is yet building support. LOL
Not a basher...or pumper...just watching...
Yeah...1.7M shares traded out of 500 M Float... LOL
Maybe your back pocket is bigger than mine...
You are correct about TDA... Just got off the phone with TDA, and the guy told me that this was a decision made by the company, not TDA, and that TDA was not willing to accept the higher dollar risk, as with Etrade, etc. He took the time to try to help me with a call, and mentioned that he thought that the company was trying to limit the stock price, trying to limit the stock transfer, driving up the cost for brokers such as TDA, etc. I am very limited, but I wanted to know how I could have already bought and sold the stock last week, and could not do it now. He said it was something that the company did since Friday... FYI...
Can anyone explain to me why I could not buy this stock at TD Ameritrade today? Agent researched and told me that the stock was under a term called "DTC Chill", and I could not buy it from them, because there was something that would not clear their authorization desk. Wonder if this could have slowed the PPS. They told me to keep trying to buy the stock, which I did, but to no avail. I could not understand how so many others were buying, 15.7 million shares, and I could not. LOL A big stock that appears to be a big winner...if only I could buy it...
They have already surprised many thousands investors...LOL...over the YEARS....
You are soooo right, jmach... God bless ALL still here...
Maybe you do not know the credibility and respectability of some of these folks that you casually speak out against...