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Not sure, but they trigger the stop orders by dropping the bid quickly, then they see all of the limit orders and scoop them up.
MMs executing limit orders. Someone puts a limit buy in at 64 when the ask is 63 and the MMs execute the 64.
I have had limit orders execute below both bid and ask and got screwed before. Someone was thinking this was starting to move up and wanted in.
Resistance for 10da MA is 68, could be the reason.
As I was typing...resistance broken
10 MA is 68. But down here to start moving up, there will be a bunch more along the way. Looking at BBs chart, its hard to tell with his. Need a better chart
BB, any thoughts on BKMP. Seems to be holding the 10-12 range. I get weary sitting on something sitting still for too long. Chart looks okay. Lotsa hype on it too.
I'll take that bet BB....ah how does $50K say we go over .07? Oh look at that.... .0705.
XKEM, could it be the $8M funding?
Could the news be the $8M funding?
Been buying all the way down, so hopefully we keep going up. This dip though should be expected. As long as there is no company dilution and stays within the ascending channel, we are good.
Newbies: ARTICLE ABOUT MMs: EXCELLENT
This is just for those of you that have never seen this....
More and more investors are winning the game
nowadays despite all bashers that float through the
Internet that has become part of the game. Floor
traders of market makers often watch CNBC, news
wires and bulletin boards in order to follow the
market during trading session. OTC BB market makers
(MMs) don't use fundamental and technical analysis.
However, what they do realize is a lot of dumb
money does use this newest niche charting or TA
(Technical Analysis) to run a stock either up or
down. To the MMs this is like taking candy from a
baby. Simply they will paint the tape and use
whatever tactic to affect the charting bands. Thus
the public and dumb money they will have eating out
of their hands. Effectively the MMs can show a
strong stock growing weak by manipulating the close
price in order to generate selling volume, delaying
trading time to manipulate trading activities, or
even stalling the ask without honoring orders to
hold a stock price.
MMs follow a simple code of business when making a
market in a stock especially an OTC BB / PS. That is the
level that stocks will seek that yields the most
volume. Now this is very important because they
make money on the volume buying at the bid and
selling at the ask. In other words, by making the
market they are buying low and selling high. Now
smart money adheres to that rule, so do all the
market makers. They could careless whether the
stock is at $22 or at $0.0002. All they care about
is the action thus being able to sell stock at the
offer (The high) and buy stock at the bid (The
low). To increase their profitability, they make
the spread as great as possible on as many shares
as they can especially if the volume falls off.
When they have mostly all "buy" orders, that's not
the price that's going to yield the most volume.
They need both buy and sells to get the maximum
action. Remember, MMs play the volume. If the
volume decreases and there are mostly Buys that
become a one way volume, Buy volume. So what they
do is let the stock run up to a price where it runs
out of steam. They fill all the buy orders there
that they can and then comes the pullback one way
or another naturally or induced. During the pull
back they can buy tons of shares and flip them to
those averaging down or trying to catch the bounce.
At some price, the stock will be relatively stable
and yield the most volume. Now that is the average
price you will see
The average price is the point where a stock seeks
a level where MMs can profit on the most volume.
So during the day that is the price that MMs and
momentum/day traders want to see the stock at. Why?
Because they know the public and dumb money was
chasing the price thing up. Most of the time, the
MMs love a flurry of Market Orders which is a dead
sign of an artificial run or momentum. Merely it
is money in the bank for them. Most get hung in a
momentum or day trade or by the tactics of Market
makers, who are in the business to screw the public
every chance they get. They are merely making the
market liquid is their reasoning.
The market makers have created an added
complication to the OTCBB's /PS chaos of the already
volatile intra-day price movements created by dumb
money, momentum and day-traders. MMs can not relate
to long-term holders in the OTC BB / PS. That makes
absolutely no sense what so ever. They feel a large
percentage of trades in the OTC BB / PS market consist
of short-term or day-trades, MMs merely view the
barrage of buy and sell orders as relatively
neutral to the market. How they figure it is when
the average dumb money buys shares in a company,
the MMs feel or rather know with some certainty it
is very likely that dumb money will want to sell
back those shares relatively quick on the slightest
drop.
Now somewhat comfortable with this logic the MMs
merely short sells into the buying and attempts to
take the stock down in an effort to "shake out" the
weak. Since it is tough to know for sure whether a
move is the beginning of a trend, or a routine
shake out, this type of deception works quite well
for the MMs. What the long-termers do to a stock
is surprise the MMs because instead of falling, the
shorting has no effect and the price goes up. Now
that puts the MM at selling low through shorting
and thus having to buy high in order to cover.
Boy, when this happens, the MMs are not very happy
campers. The investors and traders aren't supposed to
be doing that to them. Now it becomes time to pull
out every trick and tactic in the book in order to
attempt to get a Bear Raid at every dollar/cent mark or
percent from where the stock started. Could be a
fraction of a penny in smaller priced securities.
What MMs do is give you a chance to make a small amount
of money for your momentum and day trading style by
shorting it at these levels and trying to get a bear raid
each time. Each failure is compounding the MMs
short position so they let it go to the next level.
Now come more deliberate tactics MMs use to coerce
Bear Raid or panic selling.
Once the MM is caught short and the strength of the
buy is overpowering the MM will want to cover his
short position. So the MMs call up one of his
friendly MMs and says some like "the weather is
sure rough today." The MM along with the other
"friendly MM initiates a down tick about the same
time. Now this can also be done with a certain
amount of shares such as an infamous 100 shares
flag. This down tick gives the illusion of weakness
designed to hopefully begin the bear raid of
selling. The fickle, fearful, day trader, momentum
and short term begin to sell out allowing the MM
to cover his short position at lower prices. They
will move it down quickly to get it to a price of
least financial damage. Problem they have is
long-term investors in the OTC BB / PS. They start
accumulating and buying comes flying in when they
take it too far thus the MMs took it to the point
of volume again and not only investors the other
MMs step in the make money on the spread.
Alas the poor MM does not get to cover. Now comes
various tactics like stalling, boxing, or even
locking the Bid and Ask for a while.
Of course, MMs aggressively deny any sort of
collusion designed to fix quotes or spreads.
MMs have a vast resource of tactics and it would
take probably more than a lifetime to figure them
all out.
So how do investors somehow manage to overcome the
obvious deception in OTCBB arena? One answer is
indirection trading style by going long which the
MMs do not expect. In the war between investors and
public companies on the OTC BB / PS vs the MMs, if the
MMs have all the advantages due to position or
other factors, direct confrontation such as
momentum or day trading hitting the stock is a
definite death sentence.
However, an indirect approach tends to weaken the
path of least resistance before slowly overcoming
it. The most effective way is long-term investors
slowly accumulating and holding thus drawing the
MMs out of its defenses making them as naked as
their short position. This is war so this slow
accumulation and holding for the long term easily
achieves the desired effect to force MMs to cover
and knock off the tactics or bury themselves
deeper.
The MMs when caught will especially use every trick
and tactic in the book to get a Bear Raid thus
playing on the individual fear of most people. The
MMs feel they have information and position
advantages over the investors as long as the
holding of the stock is in weak hands or short term
holders. Since they are OTC BB MMs who believe all
OTCBB companies are not worth investing and
management is ineffective regardless what is
happening within the company. Furthermore, MMs know
they are in the position to impose a great deal of
influence in OTC BB stocks trading when it suits
their needs.
This inherent power of position enables the MMs to
move the markets at any time up or down. As a
result, the only way to draw them out of their
favorable position is going long. Now this does not
mean just any company but to effectively nail the
MMs, Longs must find the great company on the floor
and accumulate long before the MM tactics and games
begin.
I have been told that is the MMs settling up or fixing trades...etc. Maintenece type stuff. Not sure though.
PPs closed around 5 day MA. Needs to hold. Next stop could be 10 day MA around 63. I think yesterday hit the top of the channel and people sold the news, but still, fundamentally and with technical analysis, everything looks good. Can't be green everyday, even though we wish.
Lets see if it rebounds of the 5 day MA.
ARCA and QUIn have boxed it down, really the only two on the B/A.
Sell the news, hope it is just another shake.
Matching buys/sells.
Xechem Receives Approval For Sale Of NICOSAN(TM) From Nigerian Regulatory Authorities... [GDVRLMF]
Xechem Receives Approval For Sale Of NICOSAN(TM) From Nigerian Regulatory Authorities -- NAFDAC
NEW BRUNSWICK, N.J.--(Business Wire)--July 5, 2006--
Xechem International, Inc. (OTC BB: XKEM). Xechem International announced today that its subsidiary, Xechem Pharmaceuticals Nigeria, has received approval on July 3rd, 2006 from Nigeria's drug regulatory authority, the National Agency for Food and Drug Administration and Control (NAFDAC), for the marketing and sale of NICOSAN(TM), for the prophylactic management of Sickle Cell Disease (SCD). The approval is for an initial term of two years, which will allow Xechem to complete confirmatory Phase III clinical trials in Nigeria. The company faces no restrictions on its ability to market and sell the drug in Nigeria.
President Obasanjo To Launch NICOSAN(TM) at Xechem Nigeria's Corporate Headquarters
His Excellency, President Olusegun Obasanjo, the President and Commander in Chief of the Federal Republic of Nigeria, is expected to officially launch NICOSAN(TM) at a ceremony to be held on July 6th, 2006 at the headquarters of Xechem Pharmaceuticals Nigeria. A number of other dignitaries, business leaders and governmental officials are also scheduled to attend the launch.
According to Dr. Ramesh Pandey, the Chairman and CEO of both Companies, NAFDAC's approval of NICOSAN(TM) represents a monumental and historical achievement for Xechem and the great people of Nigeria. Xechem is grateful to the many people whose tireless efforts have made this day possible. Sickle Cell Disease is a devastating and debilitating disease for which there has never been an effective treatment on the market. Finally, we can say categorically that is no longer the case. To bring this drug to market first in Nigeria, a country with by far the largest sickle cell population in the world and whose scientists originally developed the medicine, from historical herbal remedies, is particularly gratifying. For sickle cell sufferers in Nigeria, the wait is over. Soon, we hope that will be the case for other countries of the world."
About NICOSAN(TM)
NICOSAN(TM) is an anti-sickling "Natural Herbal Drug" developed by Nigerian scientists at the National Institute for Pharmaceutical Research and Development (NIPRD). In clinical studies conducted under NIPRD's auspices, the drug has shown to substantially reduce the degree of sickling of the red blood cells of those afflicted with the disease. While not a cure, the clinical trials have confirmed that the large majority of patients taking NICOSAN(TM) no longer experience sickle cell "crises" while on the medication, and even among those whose crises are not eliminated, the number and severity of the crises are substantially reduced.
About Sickle Cell Disease
Sickle Cell disease (SCD) is an inherited blood disorder caused by an abnormality in the hemoglobin molecule. Patients with the disease often produce stiff, abnormally shaped red blood cells that often do not flow freely through the blood vessels. This can create clogs in the vessels, which in turn cut off the flow of normal hemoglobin and oxygen to parts of the body, and can cause severe painful attacks or "crises", damage to various organs and shortened life spans. People with SCD often suffer unpredictable painful crises several times a year lasting from a few hours to a week or more. In the US, there are approximately 80,000 patients with SCD. In Nigeria, that number is believed to be approximately 4 million, and worldwide at least 12 million individuals are afflicted with SCD.
About Xechem
Xechem International, Inc. is a development stage biopharmaceutical company whose focus and resources are currently being primarily directed toward the development and commercial launch of NICOSAN(TM) (to be marketed as HEMOXIN(TM) in the United States and Europe), which has shown efficacy in the prophylaxis management of Sickle Cell Disease (SCD). In addition to NICOSAN(TM) and 5-HMF, Xechem is also working on anticancer, antiviral (including AIDS), antifungal, antimalarial and antibacterial products from natural sources, including microbial and marine organisms. Xechem's mission is to bring relief to the millions of people who suffer from these diseases. Its focus is on the development of phyto-pharmaceuticals (Natural Herbal Drugs) and other proprietary technologies, including those used in the treatment of orphan diseases.
Forward Looking Statements
This press release contains certain forward looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended, and section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by safe harbors created hereby. Such forward looking statements involve known and unknown risks and uncertainties.
Xechem International, Inc. Stephen Burg, 707-425-8855
Copyright Business Wire 2006 05Jul06 18:26 GMT
Symbols: de;XEM us;XKEM
Source BW Business Wire
Categories: MST/G MST/I/BTC MST/I/DRG MST/L/EN MST/R/AFR MST/R/NG MST/R/NME MST/R/US MST/R/US/NJ TGT/BWB
Looks like top of ascending channel. Needs to break the .12.
Had a buy at .10 and executed when B/A was .102 and .103. Great!
Sweet, on that tiny dip had an order in at a dime and it executed well below bid and ask!
I'm waiting for the first shake to get more. I agree with you though, here comes the dime.
I only see a dip as a better entry/buying point.
Dang, forgot market was closing early today. Was having too much fun.
Got more too!
Tried to get in at a better position and almost got burned. This stock is amazing. Only lost my commissions. Won't do that again!
Live near St Cloud and we are about to get pounded. WOuld be nice to see it go, but doubt it too.
Shuttle going to try and launch today again. Some interesting information about the holds:
T-3 hours and holding:
This built-in hold typically lasts two hours.
Perform inertial measurement unit preflight calibration
Align Merritt Island Launch Area (MILA) tracking antennas
T-3 hours and counting:
Crew departs for the launch pad and, upon arriving at the pad, begins entry into the orbiter via the White Room
Complete close-out preparations in the launch pad's White Room
Check cockpit switch configurations
Astronauts perform air-to-ground voice checks with Launch Control (Kennedy Space Center) and Mission Control (Johnson Space Center)
Close the orbiter's crew hatch and check for leaks
Complete White Room close-out
Close-out crew retreats to fallback area
T-20 minutes and holding
This built-in hold typically lasts 10 minutes.
Shuttle Test Director conducts final launch team briefings
Complete inertial measurement unit preflight alignments
T-20 minutes and counting
Transition the orbiter's onboard computers to launch configuration
Start fuel cell thermal conditioning
Close orbiter cabin vent valves
Transition backup flight system to launch configuration
T-9 minutes and holding
This is the final built-in hold, and varies in length depending on the mission.
The Launch Director, Mission Management Team and Shuttle Test Director poll their teams for a go/no go for launch
T-9 minutes and counting
Start automatic ground launch sequencer
Retract orbiter access arm (T-7 minutes, 30 seconds)
Start auxiliary power units (T-5 minutes, 0 seconds)
Arm solid rocket booster range safety safe and arm devices (T-5 minutes, 0 seconds)
Start orbiter aerosurface profile test, followed by main engine gimbal profile test (T-3 minutes, 55 seconds)
Retract gaseous oxygen vent arm, or "beanie cap"
(T-2 minutes, 55 seconds)
Crew members close and lock their visors
(T-2 minutes, 0 seconds)
Orbiter transfers from ground to internal power
(T-50 seconds)
Ground launch sequencer is go for auto sequence start (T-31 seconds)
Activate launch pad sound suppression system
(T-16 seconds)
Activate main engine hydrogen burnoff system
(T-10 seconds)
Main engine start (T-6.6 seconds)
T-0
Solid rocket booster ignition and liftoff!
It's French for "we're screwed." Pronounced "au dwee"
Good MM info: From BKMP board. Interesting:
Some may have already seen this.
ARTICLE ABOUT MMs: EXCELLENT
More and more investors are winning the game
nowadays despite all bashers that float through the
Internet that has become part of the game. Floor
traders of market makers often watch CNBC, news
wires and bulletin boards in order to follow the
market during trading session. OTC BB market makers
(MMs) don't use fundamental and technical analysis.
However, what they do realize is a lot of dumb
money does use this newest niche charting or TA
(Technical Analysis) to run a stock either up or
down. To the MMs this is like taking candy from a
baby. Simply they will paint the tape and use
whatever tactic to affect the charting bands. Thus
the public and dumb money they will have eating out
of their hands. Effectively the MMs can show a
strong stock growing weak by manipulating the close
price in order to generate selling volume, delaying
trading time to manipulate trading activities, or
even stalling the ask without honoring orders to
hold a stock price.
MMs follow a simple code of business when making a
market in a stock especially an OTC BB / PS. That is the
level that stocks will seek that yields the most
volume. Now this is very important because they
make money on the volume buying at the bid and
selling at the ask. In other words, by making the
market they are buying low and selling high. Now
smart money adheres to that rule, so do all the
market makers. They could careless whether the
stock is at $22 or at $0.0002. All they care about
is the action thus being able to sell stock at the
offer (The high) and buy stock at the bid (The
low). To increase their profitability, they make
the spread as great as possible on as many shares
as they can especially if the volume falls off.
When they have mostly all "buy" orders, that's not
the price that's going to yield the most volume.
They need both buy and sells to get the maximum
action. Remember, MMs play the volume. If the
volume decreases and there are mostly Buys that
become a one way volume, Buy volume. So what they
do is let the stock run up to a price where it runs
out of steam. They fill all the buy orders there
that they can and then comes the pullback one way
or another naturally or induced. During the pull
back they can buy tons of shares and flip them to
those averaging down or trying to catch the bounce.
At some price, the stock will be relatively stable
and yield the most volume. Now that is the average
price you will see
The average price is the point where a stock seeks
a level where MMs can profit on the most volume.
So during the day that is the price that MMs and
momentum/day traders want to see the stock at. Why?
Because they know the public and dumb money was
chasing the price thing up. Most of the time, the
MMs love a flurry of Market Orders which is a dead
sign of an artificial run or momentum. Merely it
is money in the bank for them. Most get hung in a
momentum or day trade or by the tactics of Market
makers, who are in the business to screw the public
every chance they get. They are merely making the
market liquid is their reasoning.
The market makers have created an added
complication to the OTCBB's /PS chaos of the already
volatile intra-day price movements created by dumb
money, momentum and day-traders. MMs can not relate
to long-term holders in the OTC BB / PS. That makes
absolutely no sense what so ever. They feel a large
percentage of trades in the OTC BB / PS market consist
of short-term or day-trades, MMs merely view the
barrage of buy and sell orders as relatively
neutral to the market. How they figure it is when
the average dumb money buys shares in a company,
the MMs feel or rather know with some certainty it
is very likely that dumb money will want to sell
back those shares relatively quick on the slightest
drop.
Now somewhat comfortable with this logic the MMs
merely short sells into the buying and attempts to
take the stock down in an effort to "shake out" the
weak. Since it is tough to know for sure whether a
move is the beginning of a trend, or a routine
shake out, this type of deception works quite well
for the MMs. What the long-termers do to a stock
is surprise the MMs because instead of falling, the
shorting has no effect and the price goes up. Now
that puts the MM at selling low through shorting
and thus having to buy high in order to cover.
Boy, when this happens, the MMs are not very happy
campers. The investors and traders aren't supposed to
be doing that to them. Now it becomes time to pull
out every trick and tactic in the book in order to
attempt to get a Bear Raid at every dollar/cent mark or
percent from where the stock started. Could be a
fraction of a penny in smaller priced securities.
What MMs do is give you a chance to make a small amount
of money for your momentum and day trading style by
shorting it at these levels and trying to get a bear raid
each time. Each failure is compounding the MMs
short position so they let it go to the next level.
Now come more deliberate tactics MMs use to coerce
Bear Raid or panic selling.
Once the MM is caught short and the strength of the
buy is overpowering the MM will want to cover his
short position. So the MMs call up one of his
friendly MMs and says some like "the weather is
sure rough today." The MM along with the other
"friendly MM initiates a down tick about the same
time. Now this can also be done with a certain
amount of shares such as an infamous 100 shares
flag. This down tick gives the illusion of weakness
designed to hopefully begin the bear raid of
selling. The fickle, fearful, day trader, momentum
and short term begin to sell out allowing the MM
to cover his short position at lower prices. They
will move it down quickly to get it to a price of
least financial damage. Problem they have is
long-term investors in the OTC BB / PS. They start
accumulating and buying comes flying in when they
take it too far thus the MMs took it to the point
of volume again and not only investors the other
MMs step in the make money on the spread.
Alas the poor MM does not get to cover. Now comes
various tactics like stalling, boxing, or even
locking the Bid and Ask for a while.
Of course, MMs aggressively deny any sort of
collusion designed to fix quotes or spreads.
MMs have a vast resource of tactics and it would
take probably more than a lifetime to figure them
all out.
So how do investors somehow manage to overcome the
obvious deception in OTCBB arena? One answer is
indirection trading style by going long which the
MMs do not expect. In the war between investors and
public companies on the OTC BB / PS vs the MMs, if the
MMs have all the advantages due to position or
other factors, direct confrontation such as
momentum or day trading hitting the stock is a
definite death sentence.
However, an indirect approach tends to weaken the
path of least resistance before slowly overcoming
it. The most effective way is long-term investors
slowly accumulating and holding thus drawing the
MMs out of its defenses making them as naked as
their short position. This is war so this slow
accumulation and holding for the long term easily
achieves the desired effect to force MMs to cover
and knock off the tactics or bury themselves
deeper.
The MMs when caught will especially use every trick
and tactic in the book to get a Bear Raid thus
playing on the individual fear of most people. The
MMs feel they have information and position
advantages over the investors as long as the
holding of the stock is in weak hands or short term
holders. Since they are OTC BB MMs who believe all
OTCBB companies are not worth investing and
management is ineffective regardless what is
happening within the company. Furthermore, MMs know
they are in the position to impose a great deal of
influence in OTC BB stocks trading when it suits
their needs.
This inherent power of position enables the MMs to
move the markets at any time up or down. As a
result, the only way to draw them out of their
favorable position is going long. Now this does not
mean just any company but to effectively nail the
MMs, Longs must find the great company on the floor
and accumulate long before the MM tactics and games
begin.
SWKJ could bounce
CBAI getting some action in an otherwise boring day
Volume yesterday was a bit off, we need good vol to push this through resistance. Hopefully that is today. Should hold good, but with a surge into this stock, we should move good.
Without good vol, the MMs will have this thing like a yo-yo
One of my last posts. Break of 70 is huge
Charts haven't been too far off though. This thing has been great and broken many o' resistance pts and has great support. I use the charts just as another tool. I have been doing better since any how.
Mega wall at 70 which is around top BB(71). I think there is one other stop around 72 on the chart. I hope just minor hiccups.
Should move well over 65/66 if broken, but vol has been down a bit too, so we'll see
Looks like it. Obvious resistance at 65 (yesterdays HOD I believe) then to 70 which appears to be top bollinger band. Then maybe to 78 (top of channel), but I'm sure there will be stops in there. Looks good if it does break the 65 though. We'll see.
TNOG getting ready to move here
Lets hope this move to 63 breaks it.
You my intraday? BB posted one yesterday and I have a link to it here: last chart on this page.
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID704084&cmd=show[s42480793]&disp=...
TNOG 3 big resistance points at .008. Needs more vol to break.
Actually BB's chart is annotated nice with the MA and resistance pts noted. 5 day MA actually is now .064 (when I went to get the link). The chart is the last on this page.
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID704084&cmd=show[s42480793]&disp=...