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I was involved in bitcoin and still am and it seems like there is more regulation with digital currency than actually currency now a days...
Might have to convert all my cash to virtual currency if GNCP doesn't work out ;)
I have extended my reach out to multiple online brokers, ETrade got back to me with this:
"Thank you for contacting E*TRADE. Unfortunately we are not able to provide information regarding our customer’s trading strategies. The OTC (over the counter markets) and other markets are unregulated, and market makers are not required to execute orders even if it is the best price currently available."
Then they just posted me links to OTCBB and other crap.
Still waiting on a few others to get back to me.
Are you saying you think more 1's were filled?
Can anybody confirm this?
Also, I hope TDA doesn't consider 6969 shares as manipulation. It is a $2 Trade after all!! ;)
According to TDAmeritrade you are EXACTLY correct.
I will combat it near close, it is just very misleading if a new investor sees -50% when it really was less than 20,000 shares sold at T1 and over 35+ M sold T2...
Still have a little powder, so will wait a little later in the day.
Nope, still the low life bidwhacker who must not have a day job it seems if he is just hawking the ticker.
100's and 1 10,000 sell at open
Dat Manipulation Doe...
LOADED up on 2's!@!!@!@!#!#@%@$%
Let's turn this beast around!!
Now I truly see why OTC is the wild west of the stock market.
Lets sell something I do not own, perfect logic there.
If it made them money, I would be doing the same thing. I don't think I could be such a heartless, miserable, low life scum to do that though, I actually have faith in humanity...
Thanks for this find Chas.
I will be watching the film later today when I get off work. It is free to watch if you have amazon prime fyi.
Looks like these NSS are going to be brought to justice, but the question is, when?
It sounds like scottrade sucks ;)
Headed to no bid?? LOL
when I see more then 50K being sold at T1 I will then believe that.
Is there proof that it is ETRF??
That is illegal though, which is why I stopped.
I guess there online broker didn't contact them yet, but this is BLATANT manipulation and I would continue it on my end if I could, I just don't want to risk anything happening to my account over it...
Some complete bullshit here, straight up.
EDIT:
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Wow, I thought the 100 bidwhacker was gone.
What a complete D bag.
Can something be done about this...Alerting FINRA or something?
I remember that post yesterday Born and there were a few others here that also confirmed there was not 2.25M traded at T1.
I was looking at IHubs trading tool and there was only 100 and 10000 sells at T1
With all the 2's bought up, there will be a lot of one tick flippers trying to sell now.
50% profit from one tick, who in their right mind wouldn't do that...
Hopefully I am wrong and those 2's are in strong hands.
jmo
We see no T1's are getting filled besides those 100's and we see the bottom now. Personally I thought T3 was bottom, but it seems a majority of T2's have been filled the past 2 days.
Me4 on the holding GNCP....way I look at it is no bid or my pocket gets fat and a I don't see no bid anytime soon, jmo
I cannot find this 2.25 mill trade at T1 you speak of. I only see 100 bidwhacks and a 10,000 sell at T1.
It is illegal purchasing 3 cents worth of shares just to push the ticker down and keep it down when the fee should be at least 7 dollars, but there is free trades that are being used up. I already got the hammer from TDA saying I cannot be manipulating the stock like that.
I just know that if I call up ETrade they are not going to do anything, but it is worth a try.
Can an effort be made trying to stop the 100 share sells....??
If it is ETrade can I call them up and inform them of the manipulation??
I will be digging deeper into this as well. It is just absurd how one brokerage firm "allows" this manipulation while another one, like TDA, is on top of their game and nips it in the butt right away (which is how it should be done).
I asked them, what can be done with the other person bidwhacking it and he responded saying that they cannot tell who is making the trades.
Obviously I don't want to risk my TDA account, but I might have to open up a E trade account it seems, because they could give a F less about the manipulation going on here.
I don't understand this. I was called up by TD Ameritrade today informing me that I cannot be doing what I have been the past 2 days (neutralizing the bid back with a buy of 101 shares).
They considered it manipulation and this response of the repercussions if I continued:
"We want you to know the relevant rules about trading the securities you hold in your account, especially a practice known as manipulative trading. In addition, we want to be sure you're aware that certain trading practices may significantly increase risk levels in your account.
Manipulative Trading Practices
On occasion, clients inadvertently adopt a strategy that may violate the regulations involving manipulative trading practices. You can help to prevent this by familiarizing yourself with the subject.
- What are manipulative trading practices?
Manipulative trading practices involve the purchase, sale, or other transactions in any security for the purpose of:
- Creating or inducing a false, misleading, or artificial appearance of activity in the security.
- Unduly or improperly influencing the market price of the security.
- Setting a price that does not reflect the true state of the market in the security.
- Trades that result in no change in beneficial ownership.
- Pre-arranged trading with other parties.
Terms commonly used to describe manipulative trading practices include: wash trades, matched trades, painting the tape, and spoofing.
- What penalties are involved?
Accounts directly or indirectly engaged in manipulative trading practices may be subject to trading restrictions, account closures, and/or regulatory penalties.
Manipulative trading practices constitute a serious violation of exchange trading rules. We urge you to be careful not to engage in the sort of trading activity described above, in order to avoid these penalties."
Seems to me like the market is fair at this time..........pfft.
Figure I would go out with a bang, no pun intended ;)
imo a close at 0 is better than a close -33% even if it is just overnight.
Yeah, I prefer seeing green on my account at the end of the day over red, sorry
I know that sounds retarded, just my preference.
Wow what just happened...
A lot of people pick up 2's?? Anybody get 1's!?!?!?!?
More power to you if you can pick up some T2's, but it doesn't look like anything less than T3's are out for retail.
I averaged down my pps as well yesterday.
It is not wasting when it is free trades ;) wasting my time over anything, which is the bummer.
Yeah, this is really getting out of hand...
Ted keeping us in the dark...
Did I just see a sell go through at .0001......
Somebody is trying very hard to keep this down.
80+ M T2's traded today so far, don't know if it is retail or not.
So we all know who the 101 is, but this little block of trading here just goes to show how manipulated this stock really is at these levels...
I only realized what was happening this past week. Being new into these type of OTC stocks makes me wonder how many other companies are being manipulated like this??
The only tool you need to short a company is free trades, so it seems. I do not know how this is considered "legal".
80+ M sold at T2 today...
there was under 1M traded at T2 Friday...Hrmmmm
Weak hands or the notes are converting??
Finally the hub is back up for buisness!
It is pretty funny how not many sub penny stocks were being traded while the boards were down. Everything was pretty much unchanged.
There is no news and people are going crazy...
I am just surprised a lot of T2's are being sold.
Friday there was just 100 sell hits to get the ticker to T2, but today is just panic selling it seems...a lot of weak hands here, very sad.
News is right around the corner.
There has been 10,000 at .0003 for the past 15 minutes...
Slow open
297....Shhhhh =)
Good morning all. Lets take GNCP to new highs!!
Will be an exciting week for sure.