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Lol...mm nite still hanging around causing trouble trying to bring this down. Looking at the L2 and nite the only mm asking .079. The next mm ask is at .10. Let's hope nite stops playing games.
Is this not what I was stating in my post. The shorts were there the whole time. They are always there. Stock run ups on good news are their dream come true. They look for it every single day. If there was no such thing as shorting, stocks would not be as volatile. That's why it's allowed. On penny stocks, you have to always sell on runs for this reason, they will always attempt to bring it down after a run because it is easy.
If a penny is traded very heavily, it most likely means that they are the ax.
Ax: The market maker who is most central to the price action of a specific security. The ax can be identified by spending several days studying level II quotes and noting which market maker seems to have the greatest effect on the security's price.
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Identifying the ax is a common strategy among day traders, and trading in the same direction as this market maker can drastically increase a trader's odds of making successful trades. Any given stock can have several market makers, and the ax for any given security can change every day. It may take a trader several days to determine which market maker is primarily controlling the action of a certain stock.
from Investopedia
Meet mm nite.
"There are a few things that you need to know about the market maker NITE. Knight Securities uses the ticker $NITE. This market maker is known for being one of the most abusive market makers in the penny stock market. Most of the popular penny stock brokers route from NITE because they are quick to execute most orders. One thing that I’ve noticed is that NITE tries to screw you over. You have to realize that each market maker has it’s own complex algorithm that tries to make them money. Sometimes they make money by shorting the ask and then covering on the bid. Sometimes when a stock is running and you place an order on the ask and you don’t get filled, it is actually the market maker taking shares on the ask. Then they move up the bid and ask and tries to bait traders into hitting the ask again to sell the shares that they just bought. You’ll also see MM’s shorting a stock as it runs up because they know that it will eventually come down. Think of it this way. If they are able to short a stock at .01 and it runs to .10, you will hear people on the stock forums saying, shorty is going to get burned, or this market maker is short. In reality, it really won’t matter because naked shorting really isn’t enforced and any short will eventually be able to cover if they just keeping shorting more. If they short at .01, .02, .03…to .10 it appears that they are really short.
Then what happens is they keep shorting more at the top say at around .10. Then the promotion is over and then over the next few days the MM is able to short more in the .06 to .08 range. People keep buying because they think more is coming, but the promo is over. The price keeps decreasing over the next month back to .02 to .03 range where the MM is able to cover for a profit. So as you can see the market makers like NITE never lose and it is only the bag holders."
http://www.penny-stock-brokers.org/mm-nite-shorting/
Now you know why I stated in the earlier post "that explains it all" in reference to nite on the ask. Dirty bastards.
"There are a few things that you need to know about the market maker NITE. Knight Securities uses the ticker $NITE. This market maker is known for being one of the most abusive market makers in the penny stock market. Most of the popular penny stock brokers route from NITE because they are quick to execute most orders. One thing that I’ve noticed is that NITE tries to screw you over. You have to realize that each market maker has it’s own complex algorithm that tries to make them money. Sometimes they make money by shorting the ask and then covering on the bid. Sometimes when a stock is running and you place an order on the ask and you don’t get filled, it is actually the market maker taking shares on the ask. Then they move up the bid and ask and tries to bait traders into hitting the ask again to sell the shares that they just bought. You’ll also see MM’s shorting a stock as it runs up because they know that it will eventually come down. Think of it this way. If they are able to short a stock at .01 and it runs to .10, you will hear people on the stock forums saying, shorty is going to get burned, or this market maker is short. In reality, it really won’t matter because naked shorting really isn’t enforced and any short will eventually be able to cover if they just keeping shorting more. If they short at .01, .02, .03…to .10 it appears that they are really short.
Then what happens is they keep shorting more at the top say at around .10. Then the promotion is over and then over the next few days the MM is able to short more in the .06 to .08 range. People keep buying because they think more is coming, but the promo is over. The price keeps decreasing over the next month back to .02 to .03 range where the MM is able to cover for a profit. So as you can see the market makers like NITE never lose and it is only the bag holders."
http://www.penny-stock-brokers.org/mm-nite-shorting/
I don't even know where to start. That product might make pancakes, but it is not the same thing. You have to add water and then shake it. I'm assuming you have to make it all in one shot. It's 12 -15 pancakes per container. Nate's, you can make two pancakes and put it back in the fridge. Also, flavors. You don't go into business and not know your competition. Nate's sounds like it is much easier to make. People don't want to add water and shake, then make all these extra pancakes. Nate's much easier, imo.
Thanks. It paints the picture. It's all I needed to see. Nite showed up on the button. Not a well liked mm in penny land at all. I'm sure you already know. I wish I could have bought at those prices. You know damn well even if you were on the bid for that, you would have no chance in hell. Jokers.
Yes, shorts can manipulate a stock in either direction. Everyone in penny land knows this, it's called "pump and dump". MM's with no ethics also manipulate a stock's direction in penny land by putting up bs bids or asks in order to push it in whatever direction they want. You also have to worry about naked shorts. All of these are the obstacles a stock trader in penny land must survive.
But nothing is more scarier for a penny land investor than a short attack. I wouldn't have a problem with this if it didn't take out good companies. Successful short attacks cut off a company's ability to finance operations causing it to die. That's bs! They almost took this company out on the successful short attack in dec. Like you said, if they were able to bring it down below .25, this stock was in massive trouble. Thank goodness the support was strong.
Remember, af basically said this company was a fraud with that article. They knew what they were doing. Stock just went on a massive run, started spreading bs rumors to make it seem like this is a scam. Started the take down with massive sells and then sent out that article, boom, caused all these people to panic sell.
Lmao...exactly!! People that don't think the market is manipulated, esp penny stocks, get out of the market now. The stock market is manipulated at every level and every corner. Penny stock land is the definition of manipulation. It's a bunch of traders battling each other every day. Very few longs in penny land and that's the truth. You literally have teams of shorters at work everyday in penny land.. Why do you think it's so volatile and risky? They can take a ship down and take all your money.
I didn't get to see the last hour of trading. Anyone pay attention to the bid/ask price last hour? What was it at? Also, how did L2 look?
Nothing more than traders or market makers doing their thing. Do not be worried about this movement for people that are worried. These will be volatile times. If this drop was on huge volume, then you get scared. Right now, they are just painting the chart today with this movement. That's all it is.
This is probably market makers selling their shares among themselves. Anyone invested in this company would not be selling at these prices with news coming any day now. That would make zero sense.
Lol...yup. Such a deceiving ploy. It's like, look it's at .09, so appetizing at this price....too bad nobody will sell to you.
Wow, I wish I could have bought them. What an idiot.
Here we go.....Let's hope this is a good year!!
A lot of eyes on this. Hype is getting a little crazy. Prob will gap up at the start.
Let's hope we get some news this week! She is ready to go!!
Valid point.
It's not that you are basing buying and selling on anyone. It's that people are on the fence and reading his posts might make you think twice. It was scary times for the stock the past few weeks and with someone constantly yelling that they love the company, but now is not the time to buy, def made some people miss out on buying at the bottom. Just my 2 cents.
I also call bs if you think posts don't influence buying or selling. They def do.
Lol if that's not a warning sign, I don't know what is.
First off, this stock had a massive short attack. This stock took its hard tumble after that article from street came out. That article scared the hell out of people. I know a lot of people that read that and sold. They already were up big, so it was an easy sell. You don't think the guy that wrote the article didn't know this? The easiest time to short a stock is when it just went on a huge run. Well this guy took advantage. You don't drop that fast without manipulation. That article was pure manipulation to induce people into panic selling. They did exactly as the manipulators wanted. There was no way this stock should have dropped to .25 from .72 without complete manipulation. What reason did it have to drop? What is different today than 3 weeks ago? Nothing, but they took her down and are now bringing her back up. Of course they will send this back down again. They always do!!! These manipulators play off human psychology. They take complete advantage of people's natural weaknesses when it comes to investing. They make nothing on the fundamentals of companies. They make their money through manipulation.
I wish the stock market would outlaw shorting. I wish the stock market could go back to the days when it was based on fundamentals. Get rid of all this complicated bs that is used to manipulate the market. Get rid of derivatives and the other bs that has made this into a casino.
Come on, these days a good company could get taken out by a well planned short attack. Outlaw this bull crap.
Thank you for sharing. Great writeup.
Why do you think this is a scam? Can you provide some information, please? Not attacking, so please don't delete this message. I'm honestly just asking questions. Don't want to get burned. It looks legit to me, but maybe you know something that I don't, since you have taken your current position.
Well, now you know why it went up. A lot of pr's released yesterday. Just hope they spread the news out instead of hammering it all at once.
Didn't you say HOLD. Now you are selling. Didn't you say it would have trouble breaking .29? Hmmm...your words are meaningless at this point.
Who the hell is selling? Prob an mm or shorter. Why else would you sell 500 shares at the bell.
Just broke .37. Nice job selling your shares at .32 and bragging about it. You really know this stock well.
Had to update this message..... Broke .38 now. Good job buddy.
No volume, because no one wants to sell. It's a positive thing. We just had close to 900,000 in volume on the last trading day and today barely any. Bullish sign!
Back at .11.....this is looking good. No one wants to sell, that is a very positive sign in my book.
lol...what idiot just sold at .10 with news coming any day now. Talk about giving money away.
It was at .26 and you were yelling don't buy....if people listened, they just missed out on a 25% gain. Great advice, dreamer.
lol... this is tight....no one wants to sell
Bulls vs bears at a stand-still! No one is selling their shares. Great sign.
Running up.....hopester is way off
Exactly!!
How does the product taste? Can't private message.
Can't wait to see where this ends up. Has all the makings of a big run coming. Just my opinion. Just bought in on the 31st, so not coming from someone with much knowledge of the stock. I'm basing my opinion on the technical indicators which this stock blew through yesterday.
Seriously!!! If that doesn't attract investors, I don't know what will. It doesn't get any more attractive than that when it comes to an otc stock.
People were bringing it down with panic?
I know nobody knows for sure what will happen, but what's your educated guess at pps in the next run up?