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ALL SLAPS ON THE ASK TODAY!
Look at these fools trying to drive the price down by lowering the ask
I agree...see what happens when the dust settles and retail takes over from emotion
Retail will even this out in given time.
Book value is .66? Time to buy more!
Thing is that volume vs how much this went down...people are too emotional right now. It'll correct itself.
i'm guessing afternoon action...starting out with buys like this morning!
huge shooting star candlestick right now
You know any buying pressure will send this much higher just as it did this morning
5000 shares on the ASK at .10 and then next is .11! up up up and awayyyy
wow who's selling so low? lol
IMO i don't think it'll open like that. Could be wrong. 05x.06
First come first serve.
increase in short position from friday
So when is LIGA going to come out with an audit/filing?
Going to keep a close eye on this ticker...
May have to get in tomorrow...
dead give a ways...
large sells within seconds of eachother randomly
walking the ASK and BID down even when there are buys coming in slapping the ASK
They are selling shares to eachother
Huge short positions and they keep on shorting
because it's hard to keep track of the thousands of stocks.
it's not what you know, it's what you can prove in court.
read my comments on what illegal activity the shorts are doing!
Someone mentioned that they have a certain amount of time from the filing of an extension. That day would be April 17th.
But it might come out today...
Dont feed the trolls! lol go $YSYB
Glad to see that you understand what I'm trying to say!
FYI because of the 250k+ volume there was a big short position taken!
http://otcshortreport.com/index.php?index=ysyb&action=view
Better believe there will be bashers in here!
Go $YSYB !
This sounds a lot like what is happening here! What I've been saying all along! Huge short position!!!
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."
Sells for under $50? They are trying to trick you on the L2!
Sells in large groups = SOMEONE TRYING TO DRIVE DOWN THE PRICE!
So OBVIOUS. They aren't even trying to hide it!
http://ih.advfn.com/p.php?pid=nmona&article=57123314
SANTA ANA, Calif., April 11, 2013 /PRNewswire/ -- Latteno Food Corp. (OTCPink: LATF) recently announced the signing of definitive agreement to acquire California-based Green Cannabis Collective Inc. Today, LATF is pleased to inform our investors that seafood importing acquisition candidates have been selected and several announcements will be made shortly. In addition to our medical marijuana edibles business, the company is also branching into the high demand/fast growth market of importing fresh seafood from exclusive distributors in Southeast Asia. Our plan this year calls for a forecasted revenue of at least $2,500,000 and $10,000,000 by year end 2015 which we'll be able to achieve or exceed our expectations.
"We are pleased to make great progress in upcoming acquisitions and growth in the seafood importing market," stated Thu Le, Chief Executive Officer. "Additionally, the due diligence on our planned acquisitions in the seafood importing market are done and we'll have an immediate announcement on this and other initiatives. Investors stay tuned as we'll reward them generously for their support and vote of confidence in our future as we're executing our growth strategies."
yup thats the one!
i wonder how much these people are getting paid after that huge short position someone aquired the last few days? Anyone?
http://otcshortreport.com/index.php?index=latf&action=view
sounds about equal to those huge block shares on the bid for each of the past few days. Wouldnt you know it that they started to promote this stock in a negative light on this board at the same time.
if you are selling at these levels, you have to be nuts!
$LATF
This may be "down on low volume" but if you noticed in the past few days there has been someone selling huge chunks......orrr....short selling and having to "buy" at the bid. I believe it's the latter
We have waited for so long...and the time is almost near. It's like when you really have to take a pee and your able to hold it until you get to the door...then the countdown starts. Well I'm comparing those seconds to the days we have waited so far...3...2..1...
Don't sell now...you've came this far!
$YSYB
Kick out ETRF and watch this thing skyrocket up!
Great step in the right direction! Just a matter of time until others follow!
I posted that 2 weeks ago lol and I ended up making money on the whole deal.
This company is branching out, buying other companies to increase their profits, dipping their hands in different areas. Pays 2% dividends. WAY Oversold. Low Float. Chart looks amazing. Consistent updates that are positive. It's in the MJ sector which is the hottest sector in the OTC market right now.
http://stockcharts.com/h-sc/ui?s=LATF&p=D&b=5&g=0&id=p18602334060
Seriously? GO $LATF !
When we go ^up^ lets all plan a trip together...somewhere warm (it's cold in Wisconsin) ;)
Keep accumulating!!! $LATF
A green day would put this stock as bullish and a huge reversal. This stock is totally oversold and will correct itself.
Check the chart out yourself:
http://stockcharts.com/h-sc/ui?s=LATF&p=D&b=5&g=0&id=p64501740237
MJN4 has their hand dipped in many different things. So does H3MP...look at their stocks. MONEY IS MONEY IS MONEY! $$$$$
$LATF
Who would be selling at these levels? lol