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loooks like someoneee fell for the trickssss
honestly, today was just MMs wash trading...high volume, 4:1 sells vs buys, but also minimum movement in PPS.
When MMs wash trades to each other they are trying to force the sell off. They will dump on the bid to themselves to lower the price and make it look like people are dumping, but then you'll see the shares that got "dumped" immediately on the ask at a lower PPS then they were before.
Everytime the market maker shorts on the bid, they are lowering their short average. And remember, when you are shorting, the goal is to sell high and buy low. So if they keep selling lower and lower they are lowering their average, this is the same thing as a long investor averaging up and up to the point where their average position pps is the same as the current stock's pps.
Eventually the MMs reach a point where if they sell any lower, they will be at a loss. This is why they aren't breaking the 10 cent mark, if they are the ones to do it, then it actually won't benefit them.
The only way they can win this is if retail see's them shorting on the bid and the retail investor panics for no reason and then proceeds to dump. If no one gives them their cover, then they will do what they did last week and just give up and buy the shares off the ask only to repeat the cycle again for like the 5th time above 10 cents.
This is pure desperation. They've run out of shares to short, their average PPS is likely around 11 cents. They can do nothing but trade to each other and hope that some poor sap falls for the tricks and dumps.
OTCX just dumps onto themselves then puts it right back up on the ask at a lower price to walk it down. This is actually hurting them more than it hurts us since every time they short on the bid, it lowers their average.
pretty clear stuff
Still waiting for you to dump on top of my head :)
lol right?, silly peter
no you havent
Just waiting for you to dump man
Good week all. I'm not concerned at all with the 0.4% AS increase...thats tiny as f
Remember...it's all about the deficit that the MMs are in. There is some retail shorting here too...MM algo's don't take into account the filing that BYOC indicated they would be closing the S800 deal soon; only humans care about that.
And don't give me that "retail can't short" bullshit...the retail shorters made up that lie to begin with.
The lower they short shares on the bid the harder it squeezes.
I'm painting to piss them off all day...
lolol gotcha. just gotta fight the good fight with these robots. We got another one to cover today...updates from the company should be here soon enough.
GOT EM
I'll be back on the block tomorrow, I'm not adding like a lot or anything, just like a couple hundred shares throughout the day to paint back at these stupid algorithms.
join me in the quest for glory
It's called, loading the spring. The stock looked weaker this morning, looks like shorting bait and BMIC took it because BMIC is nothing other than another stupid robot.
Similar move happened at 2 cents with ASCM until that robot just left l2 entirely.
I'm adding today for the benefit of the stock...gonna try to put the shorts in a larger negative position as i described in my post that is stickied. Small amounts really add up here...
I'm still holding all my shares and have only added (a lot from painting haha)
Alternative. Public. Offering.
Once the mergers are complete and we formally commence the uplisting process, I bet Maxim does a research report and gives their target PPS. $BYOC is gonna get wined and dined.
gonna be the most trill of times
Ima celebrate todays trading with some chick fil a
RIP SOG
Market makers may be transitioning to a long position and out of their brutal short position
No point to keep pushing it, 10-15% a day is more than enough prior to news.
holding the line
This is a good time to attack, I've added small amounts today...every little ticky tack makes the MMs more uncomfortable. Just has to be at least 100 shares for it to show up
Market makers buying shares off the ask to dump them into the bid. #desperation
lololol...it is so savage that no one is giving them their dump. This is how you beat the market.
typical negative response from sir peter.
I'm sensing a change in the tides in our favor as of thursday...gotta see if it pans out...either way maxim gon be here to help in a short bit
Selling will never stop...buying will just overwhelm and lead to feelings of deep regret.
Institution or high net individual. I agree...as of right now.
my opinions are always subject to change haha
The best way to get shares is to sit above the largest bid. They will try to "clear you out of the way" (per se) in order to expose that large bid for someone to dump on. They have to either short the shares to you (which hurts them) or you end up absorbing someone else's dump, which if the the MMs received would serve as a partial cover (making them less negative and helping them).
If you are feeling lavish, you can also attack their smaller asks (5-8k usually) that protect the big block ask (100k or so), this method works well when there is clear buying pressure.
Either method will make the MMs more uncomfortable. I'd advise sitting on the bid above the largest block.
Given that BYOC will likely see a wave of buyers form Maxim's clients, which consists of institutions, pensions, high net individuals, etc. the only way the MMs can catch a break from going to pound town is if they get people to dump. Whenever the next significant catalyst arrives (another acquisition for example), the MMs are going to be squeezed again to a higher position where their stupid little computer programs will keep trying this ad nauseam until they are forced off level 2.
This is why I just shut up and hold (and add a few here or there if I have funds).
CDEL and ETRF pushing down WITHOUT selling their blocks, they don't want to sell the blocks.
This likely means they are one of two things:
1) They are short as shit...the shares they have listed on the ask are a LIMIT SHORT order. The number of shares they can show is based upon the number of available shares. They are listed on the ask, they don't actually want to sell these shares as it is likely higher than their average short position PPS and it would cause them to be even more short. They keep moving the shares around to avoid them from getting bought, and also to force retail to sell at a cheaper price (dump on the bid) so they can cover.
2) Someone is loading shares and has 2 accounts, one with Etrade and the other with TDA or something, basically putting shares on the ask they don't actually want to sell to create downward pressure. We've seen sizable bids come up, and the bids get sold into without the ETRF or CDEL ask blocks changing. This is how you know they do not wish to actually sell those shares but wish to influence others to.
In either of these 2 cases. CDEL and ETRF will sell small amounts to the bid to clear small bids off the bid leaving the larger bid (60k bid) exposed for someone to dump in. After the small bids are removed, CDEL/ETRF will slide their big bid down to make it look like there is increased selling pressure to hopefully convince someone to dump. They will inversely try to protect that large block on the ask (100k or so) by stacking small asks in front of it so buyers can't easily chip away at it over time. However chipping away at the small asks does a lot of damage to them over time. We chipped at their asks during the .018-.033 range relentlessly driving them into a more and more naked short position.
Less likely scenario:
1) Two entities want to sell large blocks at the same time and don't know how.
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These are classic shenanigans on a stock that has held gains for an extended period of time. Market makers get away doing this with the excuse of "we are increasing liquidity and making the market."
This is all my opinion, remember I am long on this stock so obviously I want it to go up, but I mean....just watch.
Fire up your paint brushes team, I'll be love tapping this bad boy at close....gotta love messing with the MM algorithms. These stupid ass robots want their cover because they are likely to be in such a deficit of shares right now...naked out the wazoo.
Decreasing volume with decreasing volatility in PPS = good thing
we've all be there a time or two
Retail can indeed short this stock through interactive brokers. However the margin requirement is very high and simply not worth it. Retail shorting is almost negligible, almost
There is one way to beat the market makers, and it’s really hard to do.
You need the capital lockdown to simply force their hand. It can be done, it’s being done right now with this stock.
Figured I’d give you all my reason for why I just shut up and hold.
First of all, I am very long on this stock...I've done a bulk of actual due dilligence (not like looking on the company website) on BYOC, Boustead, Maxim, George. I've run relative background and broker checks on most people involved, have looked for pitfalls, risk of private placement failure, etc. Have read reports on brokers within Boustead and Maxim, as well as looked at market competitiveness, crowdedness, and the ability for another major player in the B2B analytics to.
Non of that stuff brought me any red flags.
The goal of the company is to uplist to a higher exchange and get off the OTC. Why do they want to do that? Because business metrics often don't matter in the OTC and the company is over exposed to momentum trading and pump and dumps. Often times the company (BYOC in this case) cannot compete against the market makers actively shorting the stock.
How do we know market makers actively short the stock? Well...there are 1.01 billion shares owned, and a vast majority of those are either restricted or held by institutions. So if a retail person wants to buy 1000 shares of BYOC stock during the hype, the market makers will sell them the stock without actually owning it (naked shorting), making the market maker -1000. Usually they don't worry about naked shorting because the typical penny stock crashes anyways, when the person they naked shorted those shares to sells, the market maker is now even.
Here is what's happening with byoc, people arent selling these shares at the same rate they are buying them (hence the dramatic increase in share price over time). but this also means that the market makers are likely negative multi hundreds of thousands of shares.
So how does that market maker get even, meaning how do they get shares to not be naked, they have 2 options. They can either buy them directly off the ask, which drives the price up, or they can continue to short shares and sell more shares they dont have, driving the price lower and lower hoping eventually someone thinks people are dumping and they dump themselves to the market maker.
So why do I think this will not end up like a horror story like many OTC stocks, well as mentioned above, usually OTC companies cannot compete with the market makers shorting the stock, they simply dont have the money to fight the manipulation. This just one place that Boustead came in to help when we churned at 2 cents for like 2 months. Over those 2 months, I bet the market makers assumed a massive short deficit, which they are likely still in. Basically boustead provided enough support so that market makers could not efficiently cover but also not provide too much support that market makers dont want to keep trying to short, the more they short the larger of a squeeze we get.
Eventually Boustead's clients and such started buying large numbers of shares off the market makers, which eventually forced the market makers to buy shares back off the ask which further drove the price up.
Maxim is likely doing the exact same thing right now, but they are a much much larger bank and have the bankroll to get it done at this much higher pps.
There is another aspect to boustead...they were the lead underwriter for the private placement, the 10 million dollars that boustead used to acqurire service800 and likely a few other companies.
If george, boustead, and maxim convince companies bringing in significantly more revenue than 10 million dollars to merge their company for a couple million up front, that likely means the companies see the great ability for growth.
Most OTC garbos are "reverse mergers," BYOC is an "alternative public offering" https://en.wikipedia.org/wiki/Alternative_public_offering
These types of routes to public are highly successful if the right personnel is involved, and between george, boustead, and maxim (the dream team), i believe the crew is there.
I would assume the dream team does not want to let the PPS slip too low otherwise too many traders will hop on, making the road ahead a little bumpier. So what they do is bore you to death and try to buy your shares off you before you dump to the market makers.
The goal of this BYOC is to 1) build a successful company, 2) make boustead and maxim's clients and insiders a ton of money. We retail fools are literally here for the ride.
This is like all the fake shit that people talk about for OTC reverse mergers, but I think this is the real deal.
Sorry this is all scatter brained or whatnot but these are my thoughts on the given situation. Technicals on the chart are limited, I'd guess we see some reversal next week or so.
I could prob list and endless number of indicators that show this should be reversing. However these indicators do not have the ability to foresee when someone puts up 300k shares on the ask, which kinda kills momentum
https://www.tradingview.com/x/kYnSvw9q/
Unsure.
Those shares registered with the NVSOS could be making room for them, but the shares need to be registered if they aren't just commons, which I'm sure they aren't. BYOC will register those private placement after they become current under SEC regulations and guidelines
private placement shares havent been registered yet, they aren't on the market at the moment
still shutting up and holding...