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My Account looking sexy right now..
$CLEZ .0239 +.0047 (+24.48%)
Incredible Penny Stocks: What is a Form T-Trade?
There is much confusion and rumor regarding “T Trades” in the penny stock market. Nasdaq Pink Sheet stocks often close at a certain price and, within 3-10 minutes after the closing bell, will show a large final trade that gets labeled as an “after hours” trade. Simply put, this is an inaccurate description of that trade.
To understand how this trade works, one must understand the role of the market maker. The most frustrating aspect of investing in the pennies, is market maker manipulation of the stock price. Anyone that claims this manipulation doesn’t happen truly does not understand the OTC Market. Market makers are in place to “control” the price of a stock and, theoretically, to ensure that the market reacts properly to supply and demand for a certain stock. Unfortunately, when large sums of money and a lack of regulation are involved, more often than not, there is manipulation that suits the needs of certain investors or the market makers themselves. After all, they are in business to make money as well. If the average investor is purchasing stocks in the OTC Market, that investor is truly at the mercy of the market makers involved in the purchase and sale of that security.
When researching this article, The response from the SEC defined a “Form T Trade” a “trade reporting form used by broker-dealer members of the Financial Industry Regulatory Authority, Inc. (FINRA) to report equity trades executed either in the OTC market or during extended hours trading. Recent amendments to FINRA rules will expand the types of situations in which Form T is to be used, but they are not yet in effect.” The response also recommended contacting FINRA. Notice the first portion of the response. “either in the OTC Market or…” Once again, it is confirmed by the SEC that ”after hours” trades do not exist in the Pinks.
FINRA was much less transparent in their response and essentially spewed the same limited information regarding T Trades that is available on their website. None of which, accurately reflects why these trades occur in the OTC Markets. (http://www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p123750.pdf)
Trying to decipher the meaning of these trades with the limited information that is available on the subject led down several dark paths. Clearly, the average investor is not meant to understand the concept or its rules. Even more disconcerting is the second part of the SEC message “Recent amendments to FINRA rules will expand the types of situations in which Form T is to be used, but they are not yet in effect.” That means there is even less transparency about this mysterious T Trade.
After months of due diligence, there are a few poorly publicized uses for a T Trade. The most important factor here is that the only requirement of market makers by FINRA is that they must report all trades in a day. They are not required to do so when the actual trade occurs.
To avoid creating “an unbalanced market”, market makers often do not report certain trades during the day to the public and then use a T Trade not to “scare” investors into thinking a market for that stock is going in one direction or the other at the spurring of one large investor.
If a market maker wants to accumulate a large amount of a stock in one trading day, that market maker may actually not report any of the trades that occurred until the trading day has ended so as not to alert the market to the collection. This practice is completely legal under the FINRA rules of the OTC Markets so long as the trade is reported at the end of the day.
To execute a Market on Close” order, a market maker may have an order to purchase the stock at a certain price at the end of the trading day. This is the most unlikely scenario because it needs to be assured that someone selling the stock and someone buying that stock are agreeing upon a price. Simply put, this is more likely with insider buying and selling.
The T Trade that the public sees is nothing more than one or all of the above scenarios. The T Trade reported at the end of the day can be from one market maker or many involved market makers. It can be a single purchase price but is usually an average of all of the previously unreported purchases from that business day.
Penny stocks are an exciting and lucrative business. As most everyone will tell you, it is not for the weak of heart. There is definite money to be made in the OTC Markets and more penny stock millionaires are made every day. But the best way to win the game is to know the rules!
One additional fact surfaced about market makers while researching T Trades. Did you know that market makers are not required to honor their offer price? That is correct, because the OTC market is essentially a “best offer” market. If a buyer meets the asking price for a security, the market maker can, and often does, decide to rescind the offer, not sell the security and adjust the selling price.
Happy Trading.
There she goes .023 +.0038 (+19.79%)
$CLEZ ready to pop
Penny stocks are not for everyone, despite the fact that they do have a lot of great attributes. They can turn a small investment into a large sum of money pretty quickly. It also can have investors taking losses.
There are a lot of companies that are trading for pennies... CLEZ has the potential to eventually trade for dollars!
We closed well above the .0175 low.
Same here..
Nothing changed. CELZ
Bought more @ .0193 & .019
0.0208 -0.0004 (-1.84%)
Having trouble getting your order filled @ .019
No GAPS need to be filled. These people are on several boards posting the same stuff. Click on their name, then click on their posts. When they have tons of followers, BEWARE
TSOI stands for The Society of Invisibles
CSO stands for Common Stock Outstanding
Picked up a big chunk @ .0193
CELZ has put solid people in place to push this therapy forward. Some of the moves are starting to pay off as CELZ is starting to see a boost in price.
https://oracledispatch.com/2018/04/30/creative-medical-technology-holdings-inc-otcmktscelz-steamrolling-bears/
Remember why you invested in this company. Know what you own..
Avg Vol (10-day) 85.7M. "NOT" one person/group on Ihub can influence the price action.
Sideways Action Continues
Know what you own.
No Gap needs to be filled.. Scare tatic
Won't see .019. Consolidating and ready to head north
Consolidation looking good. Green to end the day
I searched and found nothing recent. Can you post a link. Thanks
What's going today is healthy for the stock..
Alot of 100 Share trades traded in the last 15 minutes (17 total)
Never let anyone affect your decision. In this market, the only person you can trust is yourself, no one else. Everyone has their own views and interpretations which could mislead your initial thought process.
MM's desperately trying to bring it down. Holding the line @ .023.. Bounce coming..
On April 30, 2018, Creative Medical Technology Holdings, Inc. (the “ Company ”) issued a press release announcing retirement of debt from two lenders.
The press release, furnished as Exhibit 99.1 to this Form 8-K, may contain forward-looking statements. Such forward-looking statements are based on information presently available to the Company’s management and are current only as of the date made. Actual results could also differ materially from those anticipated as a result of a number of factors, including, but not limited to, those discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017, and subsequent reports filed by the Company with the Securities and Exchange Commission (the “ Commission ”). For those reasons, undue reliance should not be placed on any forward-looking statement. The Company assumes no duty or obligation to update or revise any forward-looking statement, although it may do so from time to time as management believes is warranted or as may be required by applicable securities law. Any such updates or revisions may be made by the registrant by filing reports with the Commission, through the issuance of press releases or by other methods of public disclosure.
MM's brought this down, collected the weak hands and Stop Losses. Now the hard bounce back up..
MM's set a trap. They're walking down the ASK.. Don't get caught, they want your shares..
Finally broke the wall @ .0278
"We continue to focus on advancing commercialization of our CaverStem™ procedure for the treatment of Erectile Dysfunction and the development of our issued patents for degenerative disc disease (StemSpine™) and our amniotic derived stem cell (AmnioStem™), as well as patents pending in the area of neurological damage due to radiation toxicity and stroke, amongst others. It is also our goal to continue to develop novel approaches to regenerative medicine which will broaden our intellectual property pipeline,"
MM's struggle to hold this down.. .0278
She's ready, .03+ range
Building a new base for the next leg up..
.0283 +0041 (+16.94%)
Wants to open @ .0268 -.0269 at the moment. Things can change in 30 minutes. GLTA
This will pop at the open..