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Now would be a prime time for some hedge funds to start taking notice before the commercialization progresses.
not sure if it will affect us tommorrow, but would be nice:
Tomorrow will begin the first day of new FINRA market rules that will affect short sellers across the exchanges. These new rules will massively change how traders and market makers deal with short and naked short selling of stocks.
According to these FINRA rule filings, three new laws and regulations go into affect starting on February 28th, and in this, it will remove a universal exemption used by market makers to get away with failing to deliver stock according to current SEC rules.
There’s 3 new laws gaining attention in the NSS market reform arena: FINRA 4320 goes into effect on 2/28/11. It mandates 13 day buy-ins for open delivery failures FINALLY applying to shares of non-reporting corporations. FINRA 2010-043, also starting on 2/28/11 reinstates the “short sale exempt” (SSE) marking requirements for trade reporting and the OATS system. Those MMs accessing the bona fide MM exemption from executing pre-borrows or “locates” before admittedly naked short sales must now FORMALLY acknowledge the accessing of that universally-abused exemption. Being that these trades are theoretically being made to “inject liquidity” then the excuse to hide the related trade data from the public’s eyes goes out the window. You can’t have it both ways and claim the bona fide MM exemption and later claim that the related trade data needs to be kept secret because it might reveal a “proprietary trading strategy”.
Truly bona fide MMs that are able to legally access that universally-abused exemption cover their naked short position on the next downtick after their short sale when buy side liquidity is in need of being ejected as share prices fall. The 3rd new rule which is in effect now states that the offers and bids that MMs post must be of approximately the same size. No longer can the offers be of 1 million shares and the offsetting bid good for the minimum 5,000 shares.
What this means for investors and traders is that many of the games large brokers and market makers use to manipulate a stock by holding down investor interest through short selling, or by using a small sell to offset a large buy to keep a stock from moving in a particular direction, will be illegal, and open to investigation.
Examples of this type of manipulation occur when investors put in bids to purchase say, 100,000 shares of XYZ stock at the current market price of say $10.00 per share. The market maker will purchase those shares in the open market in blocks as they can accumulate shares until the purchase is completed. Then, a market maker will bring down the price through manipulation, by selling short a block of say 5000 shares at $9.95. The ratio of strong buying to selling was 20:1, but after both transactions took place, the stock actually fell $.05.
Thus the market maker controls the market of stock through manipulation, instead of simply allowing for the equity to move according to natural market forces.
Horror stories abound of market maker manipulation and naked short selling. There was even a proven case where an investor owned 150% of the shares that a company legally had in the market. This means, 50% of the investors shares were invisible and were created out of thin air, established through naked short selling by a broker, or market maker.
Tomorrow begins a new day for the US markets, and new rules that could prove interesting for investors. If the SEC and FINRA follow through with enforcing these new rules, then we could see the markets skyrocket upwards as short sellers desperately battle to purchase their necessary stock back at any price.
very good point ping! the efficacy and simplicity is what should drive this
I've been doing a lot of reading up over the last couple of months on the scope of the company's goals and device and I like what I see very much
that's good news! you seem to be a mingler
not what I was talking about at all...
One thing's for sure...this company has been averaging 700k-1.5mm shs in volume each day, and increasing in price, without all the pumping and coveys of daytraders landing here...which is quite nice and I hope it stays that way...shows that interests outside of IHUB are taking stakes here....
quite refreshing
prolly just MM games...doesnt' take much to move it either way
looks like .17 is the resistance to beat as I notice the MMs line up when it gets there
but as far as significant news coming out, it probably wont even be and issue
things are about to heat up here....February could be a historical month for CTSO
11 Music industry trends for 2011
http://www.thebiz.com.au/trends-in-music-industry.htm
very good point!
Kudos to those who took advantage of the dip today
The next few weeks could get very interesting...
presentation at 5:15 est below
http://www.ustream.tv/channel/onemedforum
I agree as well davidam....have noticed and appreciate all your input and research
I don't see any frantic posts...anyone else see any?
looks like momentum may begin to be kicking in...wonder what caused the jump in volume and price
thanks Mike! I as well...
hey Mike, I think we are finally there...looking forward to the filing and CC...2011 should be a nice step for us longtimers
golden cross coming up soon
I was thinking the same thing...you have to been in it to win it and you never know when that PR might hit the wires
thanks for posting!
That's a good point about the PE when it comes to CTSO...you point out what a seasoned investor would note
I don't think the majority of purchases of CTSO are coming IHUB, unlike most of the pennies that people trade around here
This is trading really thin today - 3 cent swing on only a half million shares
isn't that tommorrow? would be nice if we could get clip of it
all one needs to do is google Mr Antebi - there ya go!
very nice news!
That's a good point and the reason we need investment interest outside of the IHub community. Those of us who have been here 3+ years have seen this cycle several times.
IMO its going to take a person or persons of significant influence in the investment community(not trader community) notice the RTGV milestones, and then begin to build significant positions to start eating up the float.
Patience will pay off here.
funny you said that...I just told my dad this morning I had a dream last nite it went to $20....we'll see
absolutely...will be interesting to hear what comes from the conference next week...this is a prime opportunity to get in cheap
2mm shares and counting...whats your take on this today?
Van, I believed he was relieved of his duties in the early stages
very nice call Stoney...
got a feeling there are some pockets lookin at us right now...glad to be on board
anyone have a link or info on getting the audio for Dr Chan's conf on Tues?
good for you BM! nabbed a few lunker lips on thursday(nothing like the smell of bream bed)...least we forget what life is about...missed the conf call but got the recording...looking for a strong stock come eoy!
Wow...just got in..glad to see the news today...up and onward..glad to see Stephan on board as well
patience has, and will pay off on this jewel
strange price action this morning...hmmm