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.
CMGO - Gonna GAP and RUN based on the Bullish Dragonfly Doji Pattern which is a bullish signal of a trend reversal for a large gap up or a higher close, AND, based on great news from the company.
Tons of numbers being thrown around, 5% here, 85% there....
I am in Monday morning.....GOOD vibes about the stock, and, a
Bullish Dragonfly Doji Pattern is a bullish signal of a trend reversal for a large gap up or a higher close. IMO, LARGE GAP UP COMING!!
Get 5% of what, CMGO? If I own 50K of CMGO would I receive 2500 shares of AE?
If I want to get in on this what is the "record date" for new investors of CMGO? Will I be buying in too late?
MWWC - GOING TO THE NEXT LEVEL! You will see a major POSITIVE changE in this stock if the CEO words can be trusted. "preparing campaigns to introduce the stock to a wider market. These campaigns will commence with the release of this CEO letter and will continue indefinitely with varying support from outside IR firms."
I have not been in this stock long but this type of letter tells me the company wants to GET TO THE NEXT LEVEL....My gut feeling, and believe me I am causious, tells me to buy at these levels because the PPS will surely BE CLIMBING MUCH HIGHER....
MWWC - It's TIME!
MWW CEO Provides 2012 Outlook
Projects Strong Increase in Revenue and Bottom Line for 2012
HOWELL, Mich., Oct. 27, 2011 /PRNewswire/ -- MWW Automotive Group (OTCQB: MWWC), a global design, engineering, and manufacturing firm, serving the world's leading automotive and industrial markets, today is providing an insight into new developments and projected revenue growth for the Company.
(Logo: http://photos.prnewswire.com/prnh/20110816/DE52700LOGO )
After having successfully worked through the most turbulent time in the Company's history during the last 16 months, the Company's management and consulting teams, led by its new CEO, Charles Pinkerton have made substantial progress on the path of recovery and expect to return to substantial revenue growth and profitability during 2012.
Exceptional problems in the automotive industry during that period were compounded by problems in the financial industries, causing a rapid decrease in sales of automobiles and automotive accessory components. This was followed by several crucial recall issues for Toyota, at that time the Company's largest customer, and finally climaxed by the catastrophe in Japan, resulting in a shortage of inventory by all Japanese automotive manufacturers and many US manufacturers.
Proactive Action
Instead of taking a "wait and see" position we have reacted proactively and quickly adjusted to the changing market conditions. As a reaction to this new and challenging environment, our team has implemented aggressive cost-down-exercises and significantly streamlined and improved every aspect of MWW during the last year, with a direct focus on our "Class A" Certified Painting and Fulfillment Facility in Baroda Michigan. Forty (40) years of experience in the automotive and Industrial industries in combination with the excellent track record of MWW and a truly dedicated management and consulting team, has allowed me as the CEO to introduce the new and improved MWW to many new automotive and non automotive clients. In addition, and in order to reduce MWW's potential vulnerability based on customer and/or industry concentration, we have aggressively pursued new marketplaces, such as the industrial machinery industry. Combining these operational efforts with the efforts of MWW's long time consultant Rainer Poertner to secure additional funding and increase the market awareness for our stock, has allowed us to finance our continuing operations and expedite our new development and expansion projects, despite the past difficult times in the industry in general.
Expanded Customer Base
Based on these concerted actions we have been able to significantly expand our customer base and secured many new automotive projects for General Motors, Chevrolet, Ford, Nissan, and Toyota to name a few. As a long time supplier of exterior automotive components for Toyota, one of the most important developments in our company's history is our recent move into the automotive interior supply chain. Accordingly, we have recently been awarded interior programs for both the Chevrolet Sonic and the Ford 150 Truck Line. These are two of the very crucial developments in the MWW diversification effort, implemented to secure continuing operations and increasing revenues.
Strategic Alliances
Fueling the confidence in our ongoing growth and success to a large degree, are our newly established Strategic Alliance Supplier Relationships with both Automotive and Non Automotive companies such as Polytec Foha, GSI International, Roush Automotive, A&K Finishing and American Autocoat to name a few. These types of relationships will provide MWW with new business opportunities and projects lasting well into the next two to five years. As we have consistently stated over the past two years, the reduction of production volume and the move to smaller but more frequent production runs by the large manufacturers, falls squarely into MWW's core competency. MWW' has focused on these opportunities, expanded and maximized our production process and capacity, while continuing to provide a high quality added value product and logistics service for our client base. The consolidation in the industry is beginning to establish MWW center court within this trend.
New Opportunities in the Industrial Markets
The Company has begun to expand its client and product roster, in order to further diversify our customer base and enter into new market segments. We now have a widely diversified mixture of global and domestic clients in the automotive and for the first time also in the industrial market segment, providing greater downside protection against challenges with specific manufacturers, market segments, or geographic sectors within the global automotive industry.
The most significant improvement in our business model has been the successful move into the industrial markets in addition to our new automotive markets. This allows us to present a strong outlook for our financial performance in 2012 and the years to follow. Over the last 16 months these concentrated efforts have generated 126 new proposals with an enormous revenue potential over the next 5 years.
Continued Information
While for confidentiality and competitive reasons we often times cannot provide precise operational and financial detail of our ongoing and upcoming operations and productions, we will begin a semiannual or quarterly conference call, providing a review of the past six months or quarter and a general outlook for the coming six months. The first of such calls will be launched in the second week of January.
In the meanwhile this letter serves to provide you with an update of our current productions and a general overview over the next twelve months. The quoting process with all products mentioned below has been concluded and we have reasonably reliable expectations about the feasibility of being awarded these projects and accordingly the start date of new production. Accordingly, we already have and will continue to expand our production capacity by adding new production lines and equipment and hiring additional personnel.
Current Client Component Mix in Production
Below you will find a listing of the projects that are currently in production at our facility in Baroda, Michigan.
Chevrolet Motors, Interior / Exterior
Ford Motor Company, Interior / Exterior
Toyota, Exterior
Nissan, Exterior
Volkswagen, Exterior
GSI International, Agricultural / Industrial
Toyota Camry Rear Deck spoiler
Toyota Corolla Rear Deck Spoiler
Toyota Corolla Body side Moldings
Toyota Venza Body side Moldings
New Program Launch Dates
These are the projects that are about to begin within the next few weeks. Several additional projects will begin production before the end of the calendar year or in the first calendar quarter of 2012.
Ford F-150
October 2011
The MWW interior package produced for the Ford F-150 includes several dashboard components, which will all be finished and delivered from the MWW Class-A painting facility in Baroda, Michigan.
Chevrolet Sonic
November 2011
The MWW interior component package produced for the Chevrolet Sonic includes Door Trim, Window Console Covers, Trim Bars and Door Pulls, all finished and delivered from MWW's Colortek Class-A painting facility in Baroda, Michigan.
Upcoming Projects
The Company currently has executed more Requests for Quotes (RFQs) than at any other time in the history of the company. We currently have quoted 139 mid-size to large projects, some short term projects, others having a potential product life span of 2-5 years.
Number of Quotes Issued
111 Automotive
24 Industrial
4 Other
Quote size by Market
57% Automotive Exterior
7% Automotive Interior
35% Industrial
1% Other
While in the past MWW has focused on mainly automotive products, during the last 12 months we have taken advantage of our longstanding relationships in many different industries. We have applied our experience in high quality OE paint manufacturing, assembly and advanced logistics capabilities to enter into the fast growing industrial machinery sector.
In addition to our ongoing ISO manufacturing certifications, we have successfully concluded the even more intense and very specific manufacturing verification process of such companies as GSI, Ford, Chevrolet, Roush, Hyundai and Mazda and have already begun production for several of these manufacturers, or will commence with production towards the end of this or the beginning of next year. Based on our recent entry into the industrial machinery sector, we now expect to generate 35% and 7% revenue from the industrial, respectively automotive interior market segment, compared with 100% automotive exterior production during the last fiscal year.
SUMMARY
The automotive market has hit "Bottom" six (6) months ago and a clear upward trend has emerged. Automotive Industry expected market to grow by 15% to 11.8 million units in 2012 according to SM and J.D. Powers.
Unit sales are expected to grow to 13 million units in 2012 and 16.2 million units by 2013.
Leading automotive companies' stocks have already generated favorable returns for early investors.
A universal change to production of smaller cars and lower volume "Special Vehicle Production Runs" that cannot be produced economically anymore by the large, highly automated and high-cost Tier1s, is MWW's Core Competency.
Market consolidation has eliminated competition, created a large number of new opportunities for the MWW Automotive Group.
MWW has improved its management structure with an experienced, hands-on CEO, seasoned CFO (CPA) and new General Manager for its paint facility.
MWW's major customers are leading, global manufacturers, such as GSI, Toyota, Ford, GM, Chevrolet, Hyundai, and Nissan.
Newly awarded programs by Ford, Toyota, Nissan, Chevrolet are expected to significantly increase revenue and operating margins during FY 2012.
MWW is commencing with its first large industrial project in December 2011.
Currently received more than $125 Mill in "Requests for Quotes" (RFQs) for future projects, more than at any other time in the Company's history.
MWW has improved scales of economy and achieved significant cost reduction through consolidation and resource sharing between the different departments and strategic partners, while at the same time increasing production capacity.
MWW's RFQs are not only for its world class painting and coating services, but also for full scale fulfillment and inventory management program services utilizing the Company's 45,000 square foot painting and assembly facility in Baroda, MI. First industrial production for oversized components to begin in December 2011.
Share Value and Volume
OTCQB: MWWC
MWW has demonstrated a significant increase in the trading volume for its shares during the last six (6) months, with an average volume of 1.2 million shares per day during the last thee (3) months and maximum volume of 7.9 million shares per day.
While the stock is still trading at low evaluations, many experts agree that the stock is truly undervalued. Management agrees with this perception and while the company is not encouraging short term spikes in its stock, it has been preparing campaigns to introduce the stock to a wider market. These campaigns will commence with the release of this CEO letter and will continue indefinitely with varying support from outside IR firms.
In the meanwhile the company has established very open communication channels and will always continue to improve communication with its shareholders. Please do not hesitate to contact Rainer Poertner at rpoertner@mwwautomotive.com with any questions you may have. We will always do our best to provide answers to the best of our abilities and within SEC guide lines.
Within the next months we will provide the market with guidance in regards to projected revenue and profit developments for 2012 through 2013.
About MWW Automotive Group
MWW Automotive Group is headquartered in Howell, Michigan, with a leading technology "Class A" painting/assembly facility in Baroda, Michigan (Colortek), for the production and assembly of OE quality automotive, industrial and consumer products. MWW delivers its in-house designed accessory products and Class A painting and assembly services directly to major global automobile manufacturers'' Vehicle Processing Centers (VPCs) and Tier-1 Strategic Alliance Partners in the United States and Canada. MWW products are installed in a variety of vehicle types by the VPCs or Tier-1s and then distributed into the dealer networks in North America. MWW's industrial and consumer products are delivered directly to the manufacturers for assembly in their facilities and distribution to their customers. Noted for its adherence to the highest quality requirements and its advanced logistics capabilities, MWW products consistently meet and exceed customers' expectations and requirements. MWW provides substantial added value to the sale of vehicles, industrial and consumer products for leading international automobile and industrial manufacturers such as Toyota, Nissan, Chevrolet, BMW, Hyundai, Kia Motors, GM, and Ford. For more information please e-mail investorrelations@mwwautomotive.com, or visit www.mwwautomotive.com.
Safe Harbor Statement: Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov under "Search for Company Filings."
Rainer Poertner, Business Development
310-306-1266 Office Los Angeles
517-540-0045 x 43 Office Detroit
310-614-2454 cell
310-822-1633 fax
@ rpoertner@mwwautomotive.com
@ twitter.com/rainerpoertner
@ www.mwwautomotive.com
SOURCE MWW Automotive Group
"The Promissory Note is convertible into the Company’s common stock at any time at the holder’s option, into common stock at the conversion rate of 90% of the lowest three trading days 10 days prior to notice of conversion." This MIGHT BE THE REASON THE COMPANY WANTS THE PPS HIGHER, TO PAY OFF MORE OF THIS NOTE THEY ARE TALKING ABOUT.
Companies "concentrate on raising the PPS" so that it might be attractive to other companies, or, a company with a higher PPS will use shares to purchase other companies. Something might be going on that we do not know about if MWWC wants the PPS higher.
Just went against what I just said about waiting to buy more. I added.....At these low prices I could not resist....All I know is that that Q better be damn good or I will dump like everyone else and do not care if I lose money.......
Like you Unflushable, I am waiting for clarity to buy more. With all the questions still remaining unanswered I do not feel comfortable sinking more money into a losing situation. Like Poker! What will be more interesting is the initial share price of the IPO for 800 spinoff......I hope the underwriters start the price around 1$.......
COMPANY PROMOTION makes ALL the difference in the world!
"explaining the delays" is inherent in good SALES PEOPLE!
FRIEDMAN NEVER GIVES DEFINITIVE DATES. He uses this to his advantage by only putting carrots out for us fools. He is playing all us investors! I own a ton of this POS and only sticking around for the divy, and that is what Friedman is counting on........
I see blocks of .12?? being dumped. Is this dilution? Bet it is!
How to BEAT MM's!
Tight spread between BID and ASK - MM wants YOU to sell.
Wide spread between BID and ASK – MM wants YOU to buy.
Learn these MM signals and watch for them
100 – I need shares.
200 – I need shares badly but do not take the stock down.
300 – Take the price down so I can load shares (BUY).
400 – Keep trading it sideways
500 – Gap the stock – Gap can be either up or down depending on the direction of the signal.
911 – News out.
Signals 600 to 900 – Just subtract 500 and read above.
I think they call it THE REAL WORLD!
maddogg IS RIGHT! This DOG DON'T HUNT! Best way to handle the DOG is AVERAGE DOWN and GET OUT (or shoot it)!
Not to bust your bubble, but this stock has not opened over .025 in the past year. Not saying it cannot happen, but it is highly improbable. Just wanted to let people know about the real world because I believed ALL THE HYPE when I first started and lost a lot of money because of it, probably like most of you.
I typically play Low Floats, buying on the BID and accululating, until I am ready to run the stock up to the price I want for profit. Works everytime! Let the MM's play their games! I have been screwed over so many times by them that I finally learned how to play the game MY WAY and take them out of the equation!
RM? I could not find where it has officially been announced that this is a RM.....Only speculation!
What you see as Sell's is BUYS. I know because I bought them. I am buying at the BID and accumulating! The MM's are playing games!
FDMF - CAUTION! A lot of people ARE going to get burnt on this one.
BRGO: For ALL that want to profit - Learn MM tactics HERE! Spread this to everyone! GO LONG ON BRGO AND WIN, WIN, WIN!
Ways of a Market Maker
By and large most MM’s 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 the MM 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.
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.
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. The activity that caused the situation will prove to even help the future stock activity because it created an audience."
Market Maker's Operating Procedure
The savvy long-term investors never chase stocks up. For the most part that is momentum players and day traders where most of it or what follows is dumb money. Instead the long-term investors use a couple of simple strategies in order to position themselves. One is to find a stock no one immediately sees has huge potential and accumulate. Long-term investors are not interested in trading against the public mind or the dumb money. That's where the majority of the money can be made but even more can be made if the base of a stock is held extremely strong by investors. However the second is not to doubt the research which is the underlying basis for going long and holding.
More and more investors are winning the game nowadays despite all bashers that float through the Internet that has become part of the game. Floor traders of market makers often watch CNBC, news wires and bulletin boards in order to follow the market during trading session. OTC BB market makers (MMs) don't use fundamental and technical analysis. However, what they do realize is a lot of dumb money does use this newest nitch charting or TA (Technical Analysis) to run a stock either up or down. To the MMs this is like taking candy from a baby. Simply they will paint the tape and use whatever tactic to affect the charting bands. Thus the public and dumb money they will have eating out of their hands. Effectively the MMs can show a strong stock growing weak by manipulating the close price in order to generate selling volume, delaying trading time to manipulate trading activities, or even stalling the ask without honoring orders to hold a stock price.
MMs follow a simple code of business when making a market in a stock especially an OTC BB. That is the level that stocks will seek that yields the most volume. Now this is very important because they make money on the volume buying at the bid and selling at the ask. In other words, by making the market they are buying low and selling high. Now smart money adheres to that rule, so do all the market makers. They could careless whether the stock is at $83 or at $0.23. All they care about is the action thus being able to sell stock at the offer (The high) and buy stock at the bid (The low). To increase their profitability they make the spread as great as possible on as many shares as they can, especially if the volume falls off.
When they have mostly all "buy" orders, that's not the price that's going to yield the most volume. They need both buy and sells to get the maximum action. Remember, MMs play the volume. If the volume decreases and there are mostly Buys that become a one way volume, Buy volume. So what they do is let the stock run up to a price where it runs out of steam. They fill all the buy orders there that they can and then comes the pullback one way or another naturally or induced. During the pull back they can buy tons of shares and flip them to those averaging down or trying to catch the bounce. At some price, the stock will be relatively stable and yield the most volume. Now that is the average price you will see.
The average price is the point where a stock seeks a level where MMs can profit on the most volume. So during the day that is the price that MMs and momentum/day traders want to see the stock at. Why? Because they know the public and dumb money was chasing the price thing up. Most of the time, the MMs love a flurry of Market Orders which is a dead sign of an artificial run or momentum. Merely it is money in the bank for them. Most get hung in a momentum or day trade or by the tactics of Market makers, who are in the business to screw the public every chance they get and the NASD is not going to do anything about it. They are merely making the market liquid is there reasoning.
The market makers have created an added complication to the OTCBB's chaos of the already volatile intra-day price movements created by dumb money, momentum and day-traders. MMs can not relate to long-term holders in the OTC BB. That makes absolutely no sense what so ever. They feel a large percentage of trades in the OTC BB market consist of short-term or day-trades, MMs merely view the barrage of buy and sell orders as relatively neutral to the market. How they figure it is when the average dumb money buys shares in a company, the MMs feel or rather know with some certainty it is very likely that dumb money will want to sell back those shares relatively quick on the slightest drop.
Now somewhat comfortable with this logic the MMs merely short sells into the buying and attempts to take the stock down in an effort to "shake out" the weak. Since it is tough to know for sure whether a move is the beginning of a trend, or a routine shake out, this type of deception works quite well for the MMs. What the long-termers do to a stock is surprise the MMs because instead of falling the shorting has no effect and the price goes up. Now that puts the MM at selling low through shorting and thus having to buy high in order to cover.
Boy, when this happens, the MMs are not very happy campers. The investors and traders are supposed to be doing that no them. Now it becomes time to pull out every trick and tactic in the book in order to attempt to get a Bear Raid at every dollar mark or percent from where the stock started. Could be a penny in smaller priced securities? What MMs do is give you a chance to make a small amount of money for your momentum and day trading style by shorting it at these levels and trying to get a bear raid each time. Each failure is compounding the MMs short position so they let it go to the next level. Now come more deliberate tactics MMs use to coerce Bear Raid or panic selling.
Once the MM is caught short and the strength of the buy is overpowering the MM will want to cover his short position. So the MMs call up one of his friendly MMs and says some like "the weather is sure rough today." The MM along with the other "friendly MM initiates a down tick about the same time. Now this can also be done with a certain amount of shares such as an infamous 100 shares flag. This down tick gives the illusion of weakness designed to hopefully begin the bear raid of selling. The fickle, fearful, day trader, momentum and short term begin to sell out allowing the MM to cover his short position at lower prices. They will move it down quickly to get it to a price of least financial damage. Problem they have is long-term investors in the OTC BB. They start accumulating and buying comes flying in when they take it too far thus the MMs took it to the point of volume again and not only investors the other MMs step in the make money on the spread.
Alas the poor MM does not get to cover. Now comes various tactics like stalling, boxing, or even locking the Bid and Ask for a while.
Of course, MMs aggressively deny any sort of collusion designed to fix quotes or spreads, but a recent SEC investigation tells another story.
MMs have a vast resource of tactics and it would take probably more than my lifetime to figure them all out.
So how do investors somehow manage to overcome the obvious deception in OTCBB arena? One answer is indirection trading style by going long which the MMs do not expect. In the war between investors and public companies on the OTC BB vs the MMs, if the MMs have all the advantages due to position or other factors, direct confrontation such as momentum or day trading hitting the stock is a definite death sentence.
However, an indirect approach tends to weaken the path of least resistance before slowly overcoming it. The most effective way is long-term investors slowly accumulating and holding thus drawing the MMs out of its defenses making them as naked as their short position. This is war so this slow accumulation and holding for the long term easily achieves the desired effect to force MMs to cover and knock off the tactics or bury themselves deeper.
The MMs when caught will especially use every trick and tactic in the book to get a Bear Raid thus playing on the individual fear of most people. The MMs feel they have information and position advantages over the investors as long as the holding of the stock is in weak hands or short term holders. Since they are OTC BB MMs who believe all OTCBB companies are not worth investing and management is ineffective regardless what is happening within the company.Furthermore, MMs know they are in the position to impose a great deal of influence in OTC BB stocks trading when it suits their needs.
This inherent power of position enables the MMs to move the markets at any time up or down. As a result, the only way to draw them out of their favorable position is going long. Now this does not mean just any company but to effectively nail the MMs, Longs must find the great company and accumulate long before the MM tactics.
BEAT MM TACTICS - GO LONG! They do not like it!
Take a look at L2 on the open, mostly buys. MM's showed RED.
MM's killed this momentum this morning. Here how to beat em...
This inherent power of position enables the MMs to move the markets at any time up or down. As a result, the only way to draw them out of their favorable position is going long. Now this does not mean just any company but to effectively nail the MMs, Longs must find the great company and accumulate long before the MM tactics.
BEAT MM TACTICS - GO LONG! They do not like it!
This inherent power of position enables the MMs to move the markets at any time up or down. As a result, the only way to draw them out of their favorable position is going long. Now this does not mean just any company but to effectively nail the MMs, Longs must find the great company and accumulate long before the MM tactics.
BRGO: HERE IS WHAT HAPPENED THIS MORNING: When will people LEARN?
Ways MM's entice sellers
Run the stock up with a "tight spread" in a fast market, then "open" up the BID/ASK 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.
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 fundementals 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."
NOT over .10 now because of MM manipulation - NOT BAD PR! Wake up! MM showed stock in RED from get go. You won't seel .08 for awhile. Was in it last time this thing ran to .14, and am still in it.
Don't think you are going to see a BIG BOOM! This stock will be lucky to even see .08 again today because of MM manipulation.
This happened BEFORE when the stock ran to .14! This stock will ALWAYS be UNDERVALUED because of the MM control, not letting the stock run. There were tons of buys on the open this morning and the MM's showed RED.....The CEO is going to have to step in if he want's the value to match company assets.
MM's ARE KILLING the company activities and the PPS! Forcing the price down so people will sell!
Market Makers ARE KILLING YOUR PPS! AGAIN!
Dean - The way it looks is that Friedman uses the S1 filing as bait and never does file. I have read back thru the stock history and he has pulled this before. I really hope the stock does find new lows because I am averaging down to DUMP this turkey and I imagine a lot of other investors are also. These CEO's are really dumb in not understanding investors. The Mods need to start posting **BEWARE** in the intro section of these stock pages when something like this happens. Why let other people on iHub get sucked in??????
Accumulation - You and me both vikingzskillz. That was me loading up more on Friday last. Love, Love, Love ALL THIS ATTENTION FOR BRGO.....
OTC Markets has the FLOAT AT 28,058,431M.
I hear that train a comin', it's rollin round the bend, you ain't seen MOMO til you've seen NXOI come in........choo....choo!
IF the/any NEWS Monday or Tuesday this puppy will GO MUCH HIGHER.
Bought 5300 at .0575 and they showed it as a sell.
I am running the PPS UP...Anyone have a hint as to when the next bit of news is expected? I know this company keeps investors very informed.
This stock HAS NEVER BEEN THIS HIGH IN A YEAR: Following is stock history:
date open high low close volume
11/5/2010 0.003 0.003 0.003 0.003 100
11/8/2010 0.004 0.004 0.004 0.004 12000
11/23/2010 0.003 0.003 0.003 0.003 200
12/2/2010 0.0025 0.0025 0.0025 0.0025 7500
12/6/2010 0.0008 0.0008 0.0008 0.0008 100
12/13/2010 0.0008 0.0008 0.0008 0.0008 5000
12/23/2010 0.0011 0.0011 0.0011 0.0011 1500
12/31/2010 0.0012 0.0012 0.0012 0.0012 300
1/14/2011 0.0013 0.0013 0.0013 0.0013 100
2/14/2011 0.003 0.003 0.003 0.003 7000
2/22/2011 0.0035 0.0035 0.0035 0.0035 150
3/1/2011 0.0035 0.0035 0.0035 0.0035 1100
3/7/2011 0.0035 0.0035 0.0035 0.0035 200
3/14/2011 0.0035 0.0035 0.0035 0.0035 17200
3/18/2011 0.0035 0.0035 0.0035 0.0035 16300
4/11/2011 0.003 0.003 0.003 0.003 5000
4/20/2011 0.003 0.004 0.003 0.004 15000
5/16/2011 0.002 0.002 0.0016 0.0016 25000
5/17/2011 0.0017 0.0017 0.0017 0.0017 12000
5/23/2011 0.002 0.003 0.002 0.003 83600
5/31/2011 0.002 0.002 0.002 0.002 57600
6/6/2011 0.002 0.002 0.002 0.002 5150
6/8/2011 0.002 0.002 0.002 0.002 10000
6/9/2011 0.0049 0.0049 0.0049 0.0049 5000
6/21/2011 0.0025 0.0025 0.0025 0.0025 89005
7/15/2011 0.0025 0.0025 0.0025 0.0025 200
7/18/2011 0.002 0.002 0.002 0.002 5000
8/9/2011 0.0028 0.012 0.0028 0.005 1348461
8/10/2011 0.005 0.005 0.003 0.003 60100
8/11/2011 0.004 0.01 0.004 0.005 30200
8/12/2011 0.004 0.0065 0.004 0.0065 95000
8/16/2011 0.0085 0.0085 0.005 0.005 5601
8/17/2011 0.0085 0.0085 0.0085 0.0085 5500
8/23/2011 0.005 0.005 0.004 0.004 232600
8/24/2011 0.004 0.011 0.004 0.005 693000
8/30/2011 0.005 0.005 0.005 0.005 35000
9/13/2011 0.005 0.005 0.0041 0.0041 100000
10/4/2011 0.0041 0.0041 0.0041 0.0041 5000
10/13/2011 0.004 0.004 0.004 0.004 45000
10/20/2011 0.0035 0.01 0.0032 0.01 212003
911 was a Buy on the ASK!