Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
You can look at all my past posts, and I have NEVER lied. I'm aggrovated that people are allowed to post sucker statements like "the o/s is only 20m, and Burke confirmed it". THAT IS A LIE. Obviously.
Yet, they delete MY POSTS?
This is rigged, and I'm out tommorrow.
Great Day! Primed and ready to go.
EOD Rally?
BHUB has one heck of a good base at .0005 No sellers below that.
Building a great base here. Climbing slowly north. Perfect position for when news breaks.
Making a nice comeback, should see .005 soon.
GreedyFox, This is the link to the dailylist:
http://www.otcbb.com/otherdailylist/
This one covers pink sheet stocks.
Great day so far, I've got 2 runners, BHUB and CTEX!
True. I haven't sold any. Still holding 15 million.
Maybe
You should still be able to get in at .0006
Daily List Should Be Out Soon.
Next leg up! Might break .001 today.
Little shake before the next run. Very healthy.
Wow, I'm up to 10k already!
aliangel, I agree. A close today of 0007 - 0008 is realistic, unless the symbol change appears, then we could see .005 plus.
My estimate on the o/s is about 500m.
Good luck!
The paint is still wet!
Got rid of another batch of flippers. That's a good sign. No sellers at .0003.
I guess making $50 - $100 is alot of money for some people. I'm holding out for $100,000.
Who wants to bet we close at .005, then do the same thing tomorrow!
Lindy, Thanks!
.0006 Coming up.
.0005!
Damn! Look at the buys coming in!
If that is the case (which I seriously doubt) then the mm's are short about 750 million shares.
PKTO's float is still unknown, as is BHUB's float.
swenglish, I've seen this happen before. It's a typical move when mm's are short shares. They start high in the morning then drop it fast with a wide spread to try and get some sellers. Then it goes back up just before the close and they do they same thing tomorrow. My guess is they ended up very short of shares on the last run.
Wow, I leave for an hour and you guys start the party without me! But that's ok! Not complaining. Go BHUB!
DOMS still accumulating, as is AUTO now.
Pink, I've had good luck with eTrade. Only a few stocks that have to be called in, but most penny stocks you can buy/sell online.
clearplay, same here. I doubt we will ever be able to get more at .0002, but keep the GTC in place just in case!
Good morning BHUB'ers!
Enjoy the weekend. Hopefully BHUB will become CYRB next week!
I see DOMS still sitting on the bid, but not the ask. Either they are short shares, or accumulating for someone.
Interesting post by an ex-market maker. The 4th paragraph from the end seems to make sense on what is happening here...
Market Maker Speaks Out: Ways of a Market Maker
I was an OTC MM for about 10 years ending in the late 80's. Since then I have been strictly an investor. Since I
have not been that up to date in MM rules I will only make statements that I feel fairly confident are still accurate
regarding these activities. By and large most MM don't have a clue nor do they care to learn, about the fundamentals
of the stocks they trade.
They just try to make orderly markets. When dealing with BB stocks it is very easy for a MM to get trapped into
being short in dealing in a fast moving market. Reason being; most of the MM's in this stock are what are called
"wholesalers" this means they don't have retail brokers "working" the stocks.
So they have to rely on what's known as the "call" from larger retail houses. If a "Big" retail firm like an E-trade calls
up a market maker to purchase say 5,000 shares of a stock, they expect to get an "execution" from that market
maker. If he turns them down, or only gives a partial then the "Big" firm will go to another MM.
If this second MM "fills the order" then that "Big" firm has a moral obligation to continue to give future "business" in
that stock to that MM who performed (his life blood). This will go on until he "fails" to perform and so on.
Contrary to popular opinion the "Big" firms Do NOT necessarily go to the "Low Offer" to fill a buy order (Or high bid
for a sell). They "Go" to who they think will perform to fill the order and expect that MM to "match" the "low offer" in
the case of a buy (bid in the case of a sell). Even though this MM might in fact be the "high bid" and not really want
to sell any more.
As a wholesaler he must perform or he will get a reputation as a "non-performer" with the "Big" houses and will cease
getting "calls" which means he will soon go out of business. I mentioned above that this activity is very significant to
BB stocks. I say this because most of the trades in these BB stocks are "unsolicited" and are done through discount
houses.
With the above groundwork laid, let me try to explain how market makers get short even if they like the Company;
Lets say that a stock (shell) has been lying quietly at $.25 bid $.50 offered. A limit order comes into one of the MM's
to Buy at $.50 for a thousand shares. Prior to this trade that MM may be "flat" (neither long or short any shares). He
fills the order and is now short 1,000 shares. He may raise his bid hoping to find a seller to "flatten" out his position.
But before he realizes it a wave of buyers have come in and cleared out all the $.50 offers. Now the stock is $.50 bid
.75 offered. Here comes that "Big" firm he just sold the 1,000 shares to at .50 with another bid for 1000 at .75. He
makes this print. Now he is short 2,000 at an average of .625. The market keeps moving and now its .75 bid 1.00
offered. Now he has to make a decision.
Just like investors, MM Hate to take a loss. So 9 times out of 10 he will now sell 2000 at 1.00 making him short 4000
but with an average .81. At this time he would love to see a seller at .75 so he can cover his short and make a few
bucks.
But instead the market keeps moving up. Now it is 1.00 to 1.25 and here comes the buyer again at 1.25. He doesn't
want to lose the call so now he needs to sell 4,000 at 1.25 to keep his break even point above the bid. Now he is
short 8,000. Market moves up to 1.25 bid 1.50 offer here comes the buyer now he feels he must sell 8000 here
because "stocks don't go up forever".
Now he is short 16,000. And so on and so on. If the stock keeps moving up, before he realizes it he could be short
50k or 100k shares (depending how big his bank is). _________________________
Finally the market closes for the day and on paper he may look all right in that his "break even" price may be around
the closing price. But now he has to figure out how to entice sellers so he can cover this short. It is important to
note that if this happened to one MM it has probably happened to most all of them.
Some ways MM's entice sellers; Run the stock up with a "tight spread" in a fast market, then "open" up the spread to
slow down the buying interest. After it has "cooled off" for a little while lower the offer below the last trade right
after a small piece trades on the offer then tighten the spread so that the sellers feel they can take a "quick profit"
by "hitting the bid" on the tight spread.
Once the selling starts the MM's will walk it down quickly by only making small prints on the way down with the tight
spread. Another way is by running the stock up in the morning, averaging up their short then use the above
technique to walk it down in the afternoon.
Hopefully after doing this for several days, it will demoralize the buyers. The volume will dry up and the sellers will
materialize thinking that the game is over.
Contrary to popular opinion, MM usually Do Not Cover in Fast moving markets either Up or Down if they are short.
They Short More. They usually try to cover after the frenzy is out of the market. There are many other techniques
they use but the above are the most popular.
This technique works about 9 times out of 10 particularly in a BB market. However that is because 9 out of 10 BB
stocks are BS. Remember what I said above. Most MM's don't have a clue as to the value of a Company until they
get trapped. If the Company has solid fundamentals and a bright future. Then the stock will do very well. And the
activity that caused the situation will prove to even help the future stock activity because it created an audience."
alot of accumulation the past couple of days. Looks like .0003 is the base here...
0.0003 990000 OTO 11:55:34
0.0003 1000000 OTO 11:10:54
0.0003 2000000 OTO 10:49:19
0.0002 2000000 OTO 10:42:21
0.0002 600000 OTO 10:03:22
0.0003 300000 OTO 09:58:14
0.0003 1533000 OTO 09:55:30
0.0003 2655000 OTO 09:55:30
0.0003 3700000 OTO 09:55:30
0.0003 200000 OTO 09:55:30
0.0003 113334 OTO 09:55:30
0.0003 1000000 OTO 09:55:27
0.0003 1000000 OTO 09:52:27
0.0003 320000 OTO 09:39:52
0.0003 1000000 OTO 09:33:40
0.0003 166500 OTO 09:32:08
0.0003 1000000 OTO 09:32:08
0.0003 165000 OTO 09:30:51
0.0003 500000 OTO 09:30:51
0.0003 1000000 OTO 09:30:51
0.0003 1630000 OTO 09:30:51
0.0003 700800 OTO 09:30:51
0.0003 2000000 OTO 09:30:23
0.0003 250000 OTO 09:30:13
0.0003 750000 OTO 09:30:11
0.0003 1549200 OTO 09:30:08
0.0003 500000 OTO 09:30:08
0.0003 250000 OTO 09:30:06
0.0003 1000000 OTO 09:23:05
0.0003 1000000 OTO 09:17:39
Looks like another run starting!
You got that right! I hope everyone makes money!
But like I've said, this one is different for me. I was lucky enough to get in at .0001, it's a once in a lifetime opportunity after playing penny stocks for years. I've made some decent money on pennystocks, but I've also lost my shirt a few times. I could have sold at .0007 (and man was I tempted) for $10,500 on a $1,500 investment, but if I did, I would never be able to buy back in at .0001.
I have a gut feeling on this one, and I think we will see .02+ for at least 1 day. My sell limit is .0195
That's my lotto number!
cashflo, First off, BHUB (BigHub.com) no longer exists. This is a shell not a company. However, if you got in at .0002, then (in my opinion) you made a smart buy. Cyberhand Robotics is in negotiations with BHUB for a reverse merger. (this has been confirmed by multiple sources including the CEO of Cyberhand Technologies Inc.). You need to set your limit sell right away. Where do you want to sell? Would you like to double your money (.0004), triple, or make a home run? Obviously, everyone would like to make a killing, but that rarely happens. My advice, is to set your sell limit at .0009 because I'm sure many already have theirs at .001.
Nobody (and I mean NOBODY), knows what will happen here, we could go to .04, or they could announce a reverse split at the same time they do the symbol change which would drive this back to .0001 in just a few minutes. It's risky, but you need to set a limit for your risk.
Normally I set my limit sell at twice what I paid. However, this one (for me) is different. I was able to get in at .0001 so I really have nothing to lose.
These shells are like playing russian roulette (or the lotto as some people describe it), very risky.
That said, if you got in at .0002, I think you can sleep very good tonight!
Best of luck!
Me Too! Sooner or later this one runs big!