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.
MM's wasted no time today, 2 5000 share trades on bid at 0.0085 and 0.0086 and pps drops by 0.0005 even though 2 buys at ask of 50000 each. hmmmm
Good Morning GDSM'ers........looking for a solid day to end the week!!
MTE,unfortunately as long as GDSM is a pink stock it will mostly be treated as one. Many will staay away no matter how strong the DD is simply because it's a pink.
When I spoke to the CEO a few weeks ago, he is fully aware of this as he refers to them "The stinky pinkies". It's just the reputation on the pinks and for most investors, GDSM falls into this category no matter how good the DD is.
I am long here as an investment and the fortunate thing here is those that have bought at these levels while it still is a pink will reap huge rewards when the price rises on the company merits AND uplists to the otcbb. That is when a whole different investor willcome into this market and those of us that weather these storms will be greatly rewarded.
GLTA....hold your shares
nobidy said anything about large brokerages or 401Ks/pensions......you must of missed all the trading on L2 this afternoon.
It's not about brokerages, MM's are transferring shares amongst themselves thereby manipulating the price. It was very evident today as well as all week.
I am not about trying to punp to keep a price up or looking for a golden parachute, however, the MM's should let the price ride based on buys and sells, not trading shares between themselves to manipulate a price and make it "appear" as a sell. But, this is the pinks...so really can't expect anythign more than what were getting.
You did get one thing right......when the results are in, we will all ride it back up.
Right now MM's are getting most of them
And the MM's are bring the price down by seling to each other.
they have kept the PPS in a very thin price range for the last week or so, definitely manipulation at it's best
Some nice buys coming in
I couldm't agree more, also the converastion that smitter had with Mr. Lovito and several weeks later that I have with Mr. Lovito were both of the same message.
There were NO contradictions in what the CEO told smitter and me when speaking to him on the phone. I think that may be a small thing to some, but for me this is huge. Especially since the conversation were weeks apart.
Good Morning b rich, I appreciate your attitude amd leadership on the board. Keeping it real, on point minus all the BS. I am with you 100%
Redshirt,
Good to see and hear from you....
Unfortunately it is
it is truly a shame there are so many idiots in this world that act like children......
agreed 100%
Market Maker Schemes
Market makers routinely hide large volumes of shares and use hidden orders as a cover up. They do this to unload small orders which allow them to pick up larger orders, by doing so they will not draw unwanted attention from other traders.
Market makers can also intimidate traders by using large fake orders. They use the code word NITBB that means no intention to buy bid, and NITSO which stands for no intention to sell offer. Market makers use these to drop the stock down by scaring traders and trying to influence them to think the stock is actually going down.
When the market maker gets the price low enough where he is comfortable, he can then buy at the lowest price.
Market makers sometimes use fake identities on an ECN, or electronic communication network. This allows the market maker to work the inside market by using multiple identities. ECN’s can ultimately be used by anyone, so this is a good way for market makers to effectively hide their true identity and to pick up larger orders.
Market makers occasionally team up with other market makers to trade between themselves, which scares others who are not market makers or who don’t know a lot about penny stocks to sort of trick them into selling for a low price.
The “Ax”
Some market makers can also be referred to as “Ax,” which is a code word that means that market maker has the biggest control over that particular stocks trading. Market makers become an ax by trying to increase the bid, and negatively controlling the movement of the stock by bringing the bid and price share down.
The ax occasionally also tries to price trade sideways or keep the bid around the same price. The ax isn’t always around as they flip flop between certain stocks, but it’s good to keep an eye out for unusual trades or look at the consistency of the stock you are trading or looking to trade. Once you get more experience with stocks in general, it will be easier to point out whom the ax is and how they are controlling that particular stock. If you don’t have a lot of experience with stocks yet, there are a few ways to find the ax and how they are affecting a certain stock you are trying to trade or sell, or one that you may be interested in:
Obtain the monthly share report for the particular stock in question. This should provide you with sufficient information about a particular stock, which will allow you to track down the ax.
When sifting through the share report, look at the top five spots, and ignore the ECN’s. You should ignore the ECN’s when going through the share reports because they are often used to buy and sell shares by others and have little effect on that stock.
Sometimes it can be beneficial to have a lot of market makers involved in a given stock. The more market makers involved, the more likely they are to bid against each other, which in turn can drive the price down below market price or keep the stock around the true market price.
Facts about ECN’s:
ECN is a term in the financial world that has to do with a computer system that is used for trading financial products not in stock exchanges, but stocks are the most traded on ECN’s, but other currencies can be traded with ECN’s as well.
ECN’s can be used to increase competition between firms by keeping transaction costs down.
To use an ECN, you must subscribe or have an account with specific software. Usually the buyer and seller remain anonymous within the system.
There are some ECN brokers that have more advanced features to use like negotiation and pegging.
Electronic Negotiations
ECN’s are usually electronic negotiation, which is a type of communication between agents where cooperative and competitive sharing of information is used to determine a proper price range.
Some negotiations that occur frequently, usually one right after another sometimes several per minute for schedule network capacity, or negotiating methods can use autonomous agents for coordination.
Automated negotiation is a form of interaction in some systems composed of autonomous agents. During the negotiation process, each offer has its own utility and expectation of what other agents do. Using a multi-criteria decision-making is a crucial need to be taken for each offer.
Overall, it helps to do your homework or gain experience when dealing with any stocks, even penny stocks. Not all market makers are in business to rip others off, but one must be aware that some are. You can trust a lot of market makers as they have the experience to be successful in any stock market. They know how to effectively manage money, and that can be beneficial to you in determining if some penny stocks are worth the time and the price.
In the Business of Making Money
Market makers are in the business to make money just like you, and they may go to great lengths to accomplish that. Some may use their expertise against you, but keep building your experience level within stocks so you can point these facts out as they come along.
Be aware of the signals that market makers use when observing stocks that peak your interest. Also, be aware of ECN’s and the fact that some market makers may use different identities to control the costs of certain stocks so that it can work out more in their favor.
The ECN facts above will help you in judging market makers on an ECN network to find out if they are using tricks or false identities to meet their agenda. Also, watch out for the ax type market maker. The ax isn’t always present, but remembering how to find the ax, can benefit you on certain stocks that may be of interest to you.
This pattern we have been seeing just doesn't look like weak hands anymore. Looks more like MM's selling to themselves controlling the price
IMO
yeah, the spread need to tighten up
Thats definitely what it feels like lately
Let the weak disappear.....POOF...Be Gone....lol
Good Morning b rich and GDSM'ers....looking for a strong day today
Nice close....up 6.45%
Don't know their gameplan for sure but based what I see going on with the huge run-up and then sell-off......a few weeks of shaking weak hands and alot of consolidation along with a huge amount of share being locked away with long term shareholders, but I believ they are doing their best to hold this pps back and best and as long as they can.
It's been happening alot today....not normal behavior for MM's for sure
Just MHO, the way they are moving the price around between 0.0092 and 0.01 all day no matter what type of trades go through.
A number of times today, the MM's on the ask were all over the place having trouble settling on an ask pric
MM's are REALLY holding this back big time!!
Well let's see if todays Power Hour brings any buying pressure....
Well Good....buy while you watch.......
just need some buying pressure and we will be at 0.014 quickly
There really isn't any wall to speak of. There are 288K shares all the way up to 0.014. A little bit of buying pressure moves this up quickly
WOW, Level 2 is SO thin all the way up to 0.014
MM's not sure where they want to place the ask at right now
Anyone notice LEvel 2....
I noticed the MM's are filling the gap between 0.014 and 0.24 on the ask which I find very odd since we are already at 0.0103.
????
G/M yes indeed!!!
Good Morning All,
Looks good this morning
5 minutes to slap the ask and close up
I think I am going hunting....for DumbA$$ bid whackers.....
not that far away from 0099. 192K on the ask would send us to 0099. Very doable here to close green today
Agreed
It's power hour, can we at least get back to 0098 where we started from today??????