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BZCN greatest days ahead!!! HOhoho! Santa's Money train express...
Can only hope! Great finish
Can understand your point but still believe that MM manipulation can not be ruled out. It's always a possibility don't you think?
I get the fact that market makers are required to maintain two-sided markets during exchange hours and are obligated to buy and sell at their displayed bids and offers. They typically do not receive the trading advantages a specialist does, but they do get some, such as the ability to naked short a stock, i.e., selling it without borrowing it. In most situations, only official market makers are permitted to engage in naked shorting.
Isn't this another form of market manipulation? The naked
short sale. (Firms with a declining PPS are targeted for
naked short selling)
It is similar to the counterfeiting
of currencies. In a naked short sale of stock,
short positions are not declared or disclosed, shares are
not borrowed to cover the short sale, and the stock is
never delivered to the purchaser. The result is dilutive in
that it results in an artificial, unauthorized, and illegal
increase in the number of shares issued and outstanding
and in a manipulated decline in the PPS of the firm’stock. The broker-dealer merely floods the market with
cheap, nonexistent shares of your firm’s stock. The seller
of these nonexistent shares keeps the proceeds.
example of Market Maker Manipulation is referred to as
front running.
FRONT RUNNING
In front running, specialist market makers use their
knowledge of private, incoming order-flow information
revealed by limit orders to generate monopolistic trading
profits.
Still opposed to your opinion... I know its lengthy but trying to make an accurate point and up for discussion.
Market makers, routinely take positions in stocks, both long and short, and then turn them around for a profit, or a loss, later in the day. They provide liquidity, but they are also more focused on capitalizing on your lot of stock by buying it for their own trading account and then flipping it to another buyer. In any case, market makers will sometimes post phony sizes in order to lure you into buying or selling a stock.
For example, market makers may post a bid and an offer that looks something like this:
$10-$10.25 (75x10)
This means that they will buy 7,500 (multiply 75x100) shares of your stock at $10 per share and they will sell 1,000 shares of stock at $10.25. They are obligated under Nasdaq rules to honor those sizes. However, there is a chance that the market maker already owns a position in the stock, and by posting a bid for 7,500 shares, he is merely looking to fool brokers and investors into thinking that there is big demand for the stock and that it is moving higher.
So what happens? Most brokers will simply pay $10.25 for the stock just to get the trade done, but in reality, the purpose of posting a big bid was to sell the market maker's 1,000 shares at $10.25 to the unsuspecting broker. The trick worked! Incidentally, the same trick can be used in reverse on the sell side of the equation. The market maker may show a big offer of say 10,000 shares. Brokers see this, think that the market maker is looking to unload a big block of stock, and quickly sell their shares at the bid price (which, using the above example, is $10). In this case, the trick works again because the market maker fools the broker into selling his shares at $10, precisely where he (the market maker) wanted to buy them.
If it's just retail buying an liquidating down to oversold territory then how do you explain the inevitable?
News and rumors are the major forces driving penny stock price movement. Online message boards and chatrooms play a significant part, and press releases have the potential to cause large price swings.
Get to know the stock and how it responds to news and rumors. The greater the buzz on the street, the more potential there is for a large price move. Level II tells how many market makers are involved and how they are working the stock. This is reflected in how much stock is trading at various price levels and who is buying or selling. It helps determine which direction the stock may be heading.
So how can you say MM's have nothing to do with price swing and or variation?
Nice leg up with no PR! Think we found our bottom.
And who do you rely on for information? LOL!
Somethings up. No MM munipulation so far this morning. Hmmmm
Financial chart analysis... AS of 12/14/09
BIZAUCTIONS INC
Weak Uptrend
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
Based on a pre-defined weighted trend formula for chart analysis, BZCN scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
+10 Last Hour Close Above 5 Hour Moving Average
-15 New 3 Day Low on Monday
-20 Last Price Below 20 Day Moving Average
+25 New 3 Week High, Week Ending December 5th
+30 New 3 Month High in December
+65 Total Score
Open High Low BZCN Price Change
0.0015 0.0015 0.0011 0.0012 -0.0002
Let's hope for an upward trend even if its weak. Holiday season NOT OVER! GO BZCN!
L2 anyone? TIA
Monkeyman you have been talking like that for a whole year. Give me a break!
Couldn't have said it better! Plenty of time for this to run!
Nice! Just a matter of time and patience.
Nice post! I believe she has at least one more good run in her. How high... who knows. Still PR to come
Financial News Based on chart analysis...
BIZAUCTIONS INC
Weak Uptrend
Smart Scan Chart Analysis shows that positive longer term is weakening. The market action could signal the start of a major trend change Weak Uptrend Very tight money management stops.
Based on a pre-defined weighted trend formula for chart analysis, BZCN scored +65 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
+10 Last Hour Close Above 5 Hour Moving Average
-15 New 3 Day Low on Thursday
-20 Last Price Below 20 Day Moving Average
+25 New 3 Week High, Week Ending December 5th
+30 New 3 Month High in December
+65 Total Score
Morning All!
Financial News as of Friday 12/4/09
Uptrend
Smart Scan Chart Analysis is showing some near term weakness. However, this market remains in the confines of a longer term uptrend Uptrend with tight money management stops.
Based on a pre-defined weighted trend formula for chart analysis, BZCN scored +75 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
-10 Last Hour Close Below 5 hour Moving Average
-15 New 3 Day Low on Thursday
+20 Last Price Above 20 Day Moving Average
+25 New 3 Week High, Week Ending December 5th
+30 New 3 Month High in December
+75 Total Score
Financial News
BizAuctions, Inc.
Uptrend
Smart Scan Chart Analysis confirms that a short term counter trend move is underway. When this action is over look for the longer term positive trend to resume. Uptrend with money management stops.
Based on a pre-defined weighted trend formula for chart analysis, BZCN scored +85 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
+10 Last Hour Close Above 5 Hour Moving Average
-15 New 3 Day Low on Thursday
+20 Last Price Above 20 Day Moving Average
+25 New 3 Week High, Week Ending December 5th
+30 New 3 Month High in December
+85 Total Score
Look for continued ACCUMULATION as SNWT has generated renewed interest from the investment and trading community.
Keep SNWT on your trading telescope and watch it trade!
Best Regards,
info@pennystockmoneytrain.com
www.pennystockmoneytrain.com
Posted by pennystockmoneytrain.com
San West, Inc. (OTCBB: SNWT) proved to be a profitable stock for many investors for many weeks.
The symbol just finished settling after a couple weeks of trading sideways ... and now is poised to go on another run upwards towards much higher share prices.
By definition, Growth Stocks are those whose shares are being traded above both their 50-day and 200-day moving averages.
SNWT is a Growth Stock and could be a profitable trade idea so staggering that it ranks as one of my #1 best picks this year.
So, watch for solid buy side activity before the Thanksgiving Holiday because:
(1) the chart is trending upwards following the announcement of a consulting agreement with a nationally based, NY Investor Relations firm to develop and implement a strategic investor awareness campaign.
(2) the Company announced that over the Holiday they were poised for additional sales and exposure heading into the season's largest event that includes an event hosting 250,000 people.
Buzz has been picking up and is very positive.
Hence, it appears that it's about to make another surge northbound
DEF an MM shake!
Pure speculation on your part don't you think...
Yeah... in it for the long haul. Will hold till xmas if I have to. Dumped this stock twice now and way too soon. Back in and holding. GLTU
Small shake I can handle... no need to panic now
MM SHAKE? Thoughts anyone?
L2 anyone? TIA
It's only Dec 2. Plenty of room for this to run. Patience my friend
FINANCIAL NEWS! AS of 12/1/09
Strong Uptrend
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
Based on a pre-defined weighted trend formula for chart analysis, BZCN scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
-10 Last Hour Close Below 5 hour Moving Average
+15 New 3 Day High on Tuesday
+20 Last Price Above 20 Day Moving Average
+25 New 3 Week High, Week Ending December 5th
+30 New 3 Month High in November
+90 Total Score
Open High Low BZCN Price Change
0.0052 0.0053 0.0030 0.0041 -0.0008
When you see them in the ASK they are trying to sell, and when you see them in the BID they want to buy.
BIZAUCTIONS INC (NASDAQ:BZCN)
Strong Uptrend
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
Based on a pre-defined weighted trend formula for chart analysis, BZCN scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
-10 Last Hour Close Below 5 hour Moving Average
+15 New 3 Day High on Tuesday
+20 Last Price Above 20 Day Moving Average
+25 New 3 Week High, Week Ending December 5th
+30 New 3 Month High in November
+90 Total Score
Open High Low BZCN Price Change
0.0052 0.0053 0.0030 0.0041 -0.0008
This much volume this morning on a downward spiral.. what the ?
Morning All!
BIZAUCTIONS INC (NASDAQ:BZCN)
Strong Uptrend
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
Based on a pre-defined weighted trend formula for chart analysis, BZCN scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
-10 Last Hour Close Below 5 hour Moving Average
+15 New 3 Day High on Monday
+20 Last Price Above 20 Day Moving Average
+25 New 3 Week High, Week Ending November 28th
+30 New 3 Month High in November
+90 Total Score
Wouldnt fill
Lol! Those numbers were beautiful!
No kidding! Maybe a glimpse of what to come! LOL!
Same here Dinero. Bought in at .001 and sold too soon. Back in at .0028. Out at .05 Holding till then
I can agree with that
Yes indeed. This stock is performing well! Santa coming!
Financial News
BizAuctions to Kick-Off the Holiday Season With Savings and Promotions
Rochester, New York 11/25/2009 01:25 AM GMT (TransWorldNews)
BizAuctions, Inc. (PKS. BZCN) will begin their special promotions for Holiday season buying on November 30th, Cyber Monday. Cyber Monday will launch special promotions which will run all the way through the Holiday Season for their customers which are looking for great buys on a wide variety of products. The company's retail store in Chula Vista, Lucky 7's will be offering several promotions beginning on Black Friday and will run through the Holiday Season.
Strong Uptrend
Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
Based on a pre-defined weighted trend formula for chart analysis, BZCN scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend):
-10 Last Hour Close Below 5 hour Moving Average
+15 New 3 Day High on Tuesday
+20 Last Price Above 20 Day Moving Average
+25 New 3 Week High, Week Ending November 28th
+30 New 3 Month High in November
+90 Total Score