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nope just a ban
Again 2 late
New Board:
Investor Help
http://www.investorshub.com/boards/board.asp?board_id=6798
LOL rover, I am just deleting his crap, all except this one
http://www.investorshub.com/boards/read_msg.asp?message_id=13084692
U-2
2 late I already told her...lol
another good article, Market maker or market manipulator
by Darren Winters
We refer to market manipulation in our opening article and refer to our own experiences and research in this area. Whilst market makers are often referred to as manipulators, this is normally done so by traders who have lost money and have become emotional. From our research it is not the market makers that are the culprits of manipulation, just the tool!
THE MARKET MAKER
The market makers are usually large banking organisations such as Rothschild, Citigroup, J.P Morgan, Bear Stearns etc. Their role is 'make a market' in the shares of one of their clients. What we mean by this is, to ensure that there is always a market so that investors can buy and sell the shares of their clients. For example; -
If you imagine that a listed company has hundreds of thousands of shares distributed amongst thousands of shareholders. If somebody wants to buy or sell shares they need a central figure through which to trade. Firstly they will normally approach their broker who in turn will contact a market maker who deals in those particular shares.
A single market maker normally only trades in a relatively few number of companies. They have a contract with each of their clients. The company that appoints market makers will keep the number of official market makers to a minimum.
It is a widely viewed misconception that market makers set the price of the shares. In fact the price is actually set by simple supply and demand. The market maker only tells the brokers what it is, based on the demand, or lack of demand.
In reality the price they may quote may be too high for those that want to buy and they may not have any buyers, conversely they may encourage too many sellers from who they have to take the shares subject to certain criteria. They do not want to be left with a miss-balance of shares or they may end up holding more than a small float, which could leave them significantly out of pocket. They simply want to match buyers and sellers.
Their role for their client is to keep the shares as liquid as possible. The client may wish to increase the number of shares in the market at some time in the future, this may not be so easy if the shares are rarely traded.
HOW DO THEY MAKE THEIR MONEY
The market maker has to ensure they make a profit from their dealings of matching buyers with sellers. They do this from the spread between the bid and offer prices.
If a stock is particularly volatile, the market maker will increase the spread to safeguard their own position. This takes out more of the day traders who do not want to risk such wide spreads, as to make a profit between buying and selling, the stock will have to move a significant amount.
This answers why high volume stocks such as Vodafone have smaller spreads versus lower volume stocks. For example on a normal day's trading the Vodafone spread was 0.25p with volume of 104 million shares whilst Antofagasta had a spread of 11p on 400 thousand shares.
THE MARKET MAKERS OBLIGATIONS
To ensure that the markets remain liquid, once the market maker has quoted a price to buy or sell shares then they are obligated to either take or deliver those shares to/from the broker. That is being subject to the Normal Market Size (NMS). This varies subject to the volume of shares traded, thus on a company such as Vodafone this may be 200,000 shares whereas a company with less daily volume may have a NMS of 50,000 shares. Any share beyond these levels may be offered a price that reflects the change in the market. They must also always give you a price.
They also have to post their transactions, although subject to the size of the order it can be delayed to avoid either panic or rushes from smaller investors trying to keep up with larger institutional orders.
BUT DO THEY MANIPULATE THE MARKET?
There are some that say they manipulate the market as they alter the price before the market opens. Realistically as already explained they have to match buyers and sellers. Therefore if there is some significant news announced after the bell, they might adjust the opening prices to take this into account.
They may also do this after the Sunday papers have provided their tips on buys and sells. This answers why the stock price may rise then fall after a tip has been given and profits are often made by shorting the stock at its artificially high price. In both these cases they are only paring supply and demand by using price as a regulator.
Should institutional buyers give a market maker a large order and if there are too few shares available from sellers, they have been known to momentarily drop the price to encourage people to sell. This often causes investors stops to be taken out thus more shares become available. They are thus able to fulfil the order at a reasonable rate for their institutional buyer. This is known as shaking the tree and whilst not good for those with the close stops it ensures liquidity in the stock which is one of the market makers main roles and by many may be likened to management rather than manipulation, sort of!!!
A marker maker aims never to hold too many shares in any of the stocks they make the market in, as if there was a market crash they could find themselves severely financially embarrassed, as in the case of Nick Leeson and Barings!
Regards Darren Winters
Some good articles I found on ihub re: SEC
The SEC Friend or Foe? Part 1
http://www.investorshub.com/boards/read_msg.asp?message_id=12554679
The SEC Friend or Foe? Part 2
http://www.investorshub.com/boards/read_msg.asp?message_id=12554685
The SEC Friend or Foe? Part 3
http://www.investorshub.com/boards/read_msg.asp?message_id=12554690
bobrainey, do you work for NITE?
good one Dave, don't forget the part where if/when they get caught
they laugh all ther way to the bank still after a lil slap on the wrist.
Its only because she worked so hard to make my life easier.
and Dream, I love the assistants you have on this board..lmao
I love nickulliana!!!!!
My fav. was when they first put out an S-8 they were raising the authorized, folks ran for the hills, I even posted publicy that I was doing opposite and buying. @.0018
go figure
I have been swing trading this stock since last Sept,
only till recently have I just accumulated in case all works out.
it was a no brainer, I just did the opposite of what everyone
else was doing. and it had NOTHING to do with charts
bob,
TSFY was ACPL
the MM's naked shorted them bad
then company did a small F/S to change tickers to see if that would help. The MM's were then calling the co. for shares. no way
then the DTCC called the company for the MM's and made threats about the filing for the F/S as not being legal
the company finally called NASD , NASD had to make em back off.
company has great technology (blackbox for vehicles)
they are still trying to regroup after the T e R r oR i S t
got done with em
many many more examples out there.
Positions not yet covered, as they beat em to death and hope
the company goes out of business so they never have to cover.
party, I have posted those for years, they always show that every quarter. fyi
Can't please everyone, ya just think folks would use the ignore button.
said this before,
I don't want to be posting here at all.
like to just stay in the background and let this story unfold.
It is amazing too see how some posters act when hidden behind
a keyboard, or what one thinks is right or wrong besides what is in the TOU.
http://www.investorshub.com/boards/complex_terms.asp
I am not looking to win a popularity contest, and work hard at being fair, some don't see it that way but do not see what is deleted daily. All I ask is folks stop attacking anyone that might have concerns and or negative comments. And the ridiculous pumping I see belongs in the comic books. Also this is a stock specific board, as such I do not want to see any other stocks mention as it only gets follow up post and gets off the subject of what this board was created for. Please learn to use the ignore feature and stay on topic.
Best to all in your investment decisions.
Exactly....!
Oh joy see the kiddies are having fun again, please
leave other posters out of the subject, stick to SLJB.
I have a number of complaints of personal attack
please include the post number as I am not going
through each post to read it word by word.
general board guide lines
* Please keep in mind that this is a stock specific board and is limited to discussions relating to SLJB only.
* Moderation of this board is not up for discussion.
* No profanity/vulgarity
* Please do not post in all CAPS.
* If posting any article relating to SLJB, please cut and paste the article along with the link - do not just post the link.
* Open discussions both positive and negative are welcome providing the information posted isn't slanderous and can be backed up or is followed by an "imo".
* If you find spam on the board and don't see it deleted, please feel free to "PM" one of the moderators since we can't possibly catch every post.
* For more info, Investors Hub Terms of Use
http://www.investorshub.com/boards/complex_terms.asp
_______________________________________________________________________________________
MrSparex,
Thank you very much, very kind and considerate of you.
Its official... This board is now closed.,
just kidding
Serious everyone...its a holiday weekend
go walk you dog, go to the beach, bring your gal to a movie.
give it a rest.. IMO
NO is not as stated in the board guidelines.
MrBankRoll, You forgot to add that
I did not delete it, and restored it.
also of note, my response to you...
as moderator of the board it is not for me to decide what you can or can not post as long as it is in accord of TOU
Talk to the hand.
Added to the ibox,
Some general board guidelines
* Moderation of this board is not up for discussion.
stick to SLJB
all post alluding to this subject will be deleted.
mmmm "sausages and waffles" sounds good right now...lol
Dennis, I myself also want to see anything negative, I want to know whats going on both pro and con.
now enough discussion on board moderation please.
tia
thnx 12ring, one correction...
"because we've already done alot of DD"
Thats just the point many have not done the DD and come here to find what others are sharing, they can do that if the board is filled with O/T post, self pumping egotist and mindless drivel.
Dennis as long as they go by the board guidelines either pro and con, they they will stay other wise it is not your business but mine as board moderator.
Not going to debate you on this, I only have so many minutes in the day and refuse to waste them on you.
I can not go through each post and decide right or wrong...
every time someone mentions a different stock there are at least five follow ups on it. will you please give me a break, unless of course you think you can do a better job?
LMAO, perfect timing jantinna, now go back and read my last 2 post. make special note from the guidelines as to why your post was deleted...
"* Please keep in mind that this is a stock specific board and is limited to discussions relating to SLJB only."
PS: do you have any idea how many post I deleted that were personal attacks against you? I think not.
shaking my head....!
I just have to say this,
There have been accusations as stated last night in a deleted post...
"Always looking for a way to moderate the discussion only in support of the stock."
Any one that has half a clue and been on this board for more than a few days knows that is total BS. I personally started trading this stop last Sept. I have made profits and of course still a shareholder. I like the story, however I for one do not understand or like how the MM's now seem to have unlimited supply of shares. not that that's unusual as IMO the naked short
theory is believable. the possibilities are enormous both for the stock to be the play that gets written into history as a winner or a scam, we will see....!
Mostly what I need folks to realize is that I left RB long ago and made iHub my home because of the rats nest RB turned into. I will always do my best when I can to help make sure that does not happen here.
Some general board guidelines
* Please keep in mind that this is a stock specific board and is limited to discussions relating to SLJB only.
* No profanity/vulgarity
* Please do not post in all CAPS.
* If posting any article relating to SLJB, please cut and paste the article along with the link - do not just post the link.
* Open discussions both positive and negative are welcome providing the information posted isn't slanderous and can be backed up or is followed by an "imo".
* If you find spam on the board and don't see it deleted, please feel free to "PM" one of the moderators since we can't possibly catch every post.
* For more info, Investors Hub Terms of Use
http://www.investorshub.com/boards/complex_terms.asp
fringe, your behavior on SLJB is totally unacceptable, Like everyone else you are welcome to an opinion. However your actions are a total disruption. anyone that has been on that board for more than 2 days knows rrufff and myself are not biased as to the pros and cons. I will not even try to figure your motives out as you are a total waste of time. last night it was my asst. night before it was me that you have problems with.
This says it all IMO...
"You hide behind your mod badge, deleting posts that suit your one-armed bandit style. Always looking for a way to moderate the discussion only in support of the stock."
You need to go find another board to stoke your ego.. TIA
gwikley I agree 100%, have a safe holiday all and please
have respect for one another.
off to the beach.
HAHAHA 2 kewl Missy
Done, thnx