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lets push those 9's everyone, we get it started others will follow
those that sold are going to use every saying in the book to get others to sell and try to re enter ENTI @ .0006.... Don't think its gonna happen this time around.
It's time to push ENTI Forward
JMO
good to see we have started to move away from the yahoo type posts on here. Good to see some of you longs DevG & slaz still here.
This is what I hated about the timeline they put out last month...
JMO but I think we are still two weeks away from any announcements, if you really think about what they have said in this statement below...
Why announce anything til everything is done? Maybe i'm just reading it wrong. Damn I hate seeing pps right where I bought in at back in April..
Oh well! just venting Guys
JMO...........
I have been holding ENTI since early April, and IMO MM's will cover at .001 and move up from there.... Again this is only my personal opinion...
Just hope i'm wrong!
Dev I haven't posted any vids yet, getting all my KISS vids and concerts ready for Full Launch of website.
That is strange the way all 3 MM's are Breaking up shares equally, they must really be getting seriously low on their shares...
Covering Has started IMO
Last 18 trades
MM's SSGI - VFIN - ETMM
333,400
333,400
333,200
46,700
46,600
46,700
50,000
55,000
16,700
16,600
16,700
23,400
23,200
23,400
Market Maker Speaks Out: Ways of a Market Maker
I was an OTC MM for about 10 years ending in the late 80's. Since then I have been strictly an investor. Since I have not been that up to date in MM rules I will only make statements that I feel fairly confident are still accurate regarding these activities. By and large most MM 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 he 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.
Some 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.
Contrary to popular opinion, 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. And the activity that caused the situation will prove to even help the future stock activity because it created an audience."
The savvy long-term investors
never chase stocks up. For the most part that is momentum players and daytraders 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 on the floor and accumulate long before the MM tactics and games begin.
Can one of Mods email CEO or whoever to let them know Alot of us Large stockholders would like a Live call in to ask specific Questions and to get specific answers....
Different Stock but should answer question on AH seq
Re: 24.19 After hours -- plainly an out of sequence trade, not from AH - how to tell the real AH trades from the late-submitted trades from before 4:00 PM -- downdraft out of sync with the good news of the Rambus win today
>> And we do not know if the 24,000 share trade was an out of sequence Trade reported in AH. <<
I think we do know, and that the 24,700 share trade at $24.19 reported at 20:01 was clearly an out of sequence trade, i.e., a trade actually executed during the 9:30AM - 4:00 trading day, but reported late. As happens all the time.
One bit of evidence is that the trade's price is crazy, 1.64 above the previous trade at $22.55 two minutes earlier, at 19:59. The large block size is also anomalous for AH trading in RMBS.
But how do we know for sure that it's a trade from earlier, and not from AH?
It appears that the NASDAQ feed of AH quotes includes both actual AH trades and out of sequence trades.
You can tell them apart by comparing the NASDAQ feed with another feed that includes only AH trades, but not out of sequence trades. I get these on my iPhone, through the free CNBC "app", which I'm pretty sure is the same feed available from the CNBC URL on the web.
Today, the last AH trade reported by CNBC was at 22.50 and 7:59 PM. NASDAQ reported one more trade, the 24,700 trade at 24.19 at 8:01.
Compare: http://www.nasdaq.com/aspxcontent/ExtendedTradingTrades.aspx?selected=RMBS&mkttype=after
with: http://data.cnbc.com/quotes/rmbs As noted, I'm pretty sure this CNBC web feed is the same as I get through the iPhone CNBC app.
See also my prior post on this: http://www.investorvillage.com/smbd.asp?mb=3666&mn=508535&pt=msg&mid=8860325
I was surprised, when I exited a movie at about 6:00, to see RMBS down a chunk in AH. After reading many of this evening's posts, I'm persuaded that the downward move is just another knee-jerk reaction, unjustified by the news, which pretty clearly means Rambus will win at the ITC in two months. Of the two possible things the ITC may want to thinking about with the aid of the additional briefing -- patent exhaustion and the bond amount -- you don't logically reach those questions until after you've decided that the Rambus patents are valid and infringed by the NVDA products at issue. Those questions just don't make any sense, are just not relevant, if there's no infringement of valid patents.
As for exhaustion, Rambus seems to have much the better argument, clearly enough that it's reasonable to assume that the ITC is just acting out of an excess of caution, to protect its ruling on appeal by ruling on an issue it hadn't passed on, first raised in a NVDA surreply. Better to make a decision that the CAFC may want to defer to, rather than let it be argued in the first instance in the CAFC -- just basic conservative jurisprudence.
As for the bond amount, the bond is relevant only during the appeal period, and assuming CAFC affirmance, the exclusion orders click into place and NVDA takes the EU deal. I don't see that it makes any difference whether the bond is based on a 2% royalty or a 0.2 % royalty. NVDA has plenty of cash, so it can pay for whatever bond is required by the ITC, so the pressure on NVDA is minimal. Our big recovery from NVDA will be in judge Illston's court in any event, and the CAFC appeal in Micron/Hynix is still the main event on the card.
So, although the AH downdraft in the PPS may not reflect this, it seems tolerably clear that today's action signals a Rambus win.
Although it would be nice if it were a win today, not just one clearly indicated for two months from now.
My take in that seq shares at 16:09:15 is someone Bought them!
For every seller is a buyer... Period! For a share to be sold someone must Buy!
Last trades of the Day speaks for itself
16:09:15 95,000,000--------.0025 seq 100Mil that was added to O/S from yesterdays TA email
16:00:44 533008------------.0026 form T Mirror Trade
16:00:44 533008------------.0026 form T Mirror Trade
15:59:23 466992------------.0026 average Mirror Trade
15:59:23 466992------------.0026 average Mirror Trade
15:59:23 500000------------.0026 Mirror Trade
15:58:38 350000------------.0026 Mirror Trade
15:57:08 150000------------.0027 Mirror Trade
15:57:08 500000------------.0026 average Mirror Trade
15:57:08 500000------------.0026 average Mirror Trade
It don't look like no one is gonna sell you guys their shares, so why don't y'all whinners and BooHoo'ers go ahead a pay that .0001 tic and STHU
IMO ENTI needs to hold a Live call in for us Shareholder. That way we can get all the answers that everyone needs to hear to stop all the BS, Boo hooing in here!
It is old but it was funny watching you in action, their were several of us (8) that PM back and forth Laughing the whole time... We knew several days who it was, so no reason to deny it. Thats over and done with.
But you did admit that Lancer was you and the Username Lancer was banned from ihub..... You played that role good!
Yeah I'M ALMOST 100% sure of that Lanc--- i mean leandro
Hows Lancer doing these Days? ROFLMAO
Three 500k x2 Mirror Trades....Some body really needing shares Bad
I would go a far and say NO ONE knows if these 100mil shares will Be or now Restricted as the others have been!
It's all off topic anyway! Needed to be deleted... Who cares about those P&D companies, only those not willing to do DD IMO!
Go ENTI
Reasons you do your own DD and not follow emails pump website, and Message Boards
PennyStockChaser is in serious Trouble
http://www.sec.gov/news/press/2010/2010-114.htm
Even if someone does post it with Cops also showing which will most likely happen as this guy did with his tivo, Some ppl will still have something to say like it looks to be made in their mothers Basement!
Commercial on Youtube
Again just goes to show, Everyone will never be satisfied with anything this Company Does.. PPL ask for schedule ,U got a schedule, Commercial showed as stated in PR, and look what happens again? Why why why, Sat, cable, direct, and dish.... We are not here to watch a Commercial ppl. All that should matter is Commercials ads are now being played on TV. Not what cable/sat provider... Some of you guys need to stop letting these Bashers and 2 day flippers suck you right in to there little Game...
LMAO at today's Post.....
The sky is Falling, they put out to many PR's, Then you read the next few post, saying I hope they put out a PR pre market Monday!
As Slaz has posted before, No matter what ENTI does, most will never be satisfied at there progress.... Most people posting these last two days are first time posters, and two day flippers at most! It was not ENTI fought that media melon could not pass MMX Load tests..... What did ENTI do? They Fired their A$$! Hired a more reputable Co. VMIX. This has been MMX holdup. Moving everything from Media melon to VMIX... Again if everyone want to fall for the first time posters, and two day flipper propaganda BS... Go for it, Play right in to their hands, Sell Away.... Don't let the door hit you in the ass while your walking out the door.... I would bet all my shares some of these doomsday posters don't even own share... Ask yourself this, If they say I own shares and then the weekend of Nationwide TV ads and spokesperson announcement, why would they purposely post Dooms day scenario's to drive down pps? I think that somes it up what their real agenda is.
Trade free and sell dude! You been here two weeks too long Huh?
What I hear in this Room are a bunch of ppl who bought and sold this past week.... Lets get One point across to all the Bi--hing and whining about MMX.... If you do not like what they are doing SELL! 80% or more post I read today are new people who either have bought in before and sold and alot of ppl who are just trying their best to scare shareholders to sell so they can pick them up at a cheaper pps.....
Dude why would any company show you me or any other weekend flipper the respect you are looking for? We own part-time a few share OF ENTI, They owe us Nothing more then what you me and Others have Been Giving... To me and Many many others, ENTI have given more then any other Pink-sheet company when it come to Transparency & Content. IE: Name JUST ONE PINK SHEET CO. THAT GIVES WEEKLY CC UPDATES, 6 MONTHS OF NATIONALLY AND GLOBALLY TELEVISION ADVERTISEMENTS, AND A MAJOR CELEBRITY SPOKESPERSON?
JUST NAME ONE! THAT'S RIGHT YOU CAN'T
Quote: We own part of their business each time we buy shares. they should show us the respect and let us know what is going on commercial wise. enough said.
So again if anyone don't like what ENTI is offering, then sell and move-on!
How many times we hear this from ppl on their very First Post! I have been into this for almost too long! LMAO
I just love it when I see Friday's sellers come in and start saying the sky is falling just so they can get back in ENTI.... If you ppl think we are gonna go lower than .004, you got a surprise waiting for you! That all I will say
ENTI financial statement most likely already sent in, just waiting on Pinksheets to post.... They are always slow doing what needs to be done.... Pinksheets is about their fee not other companies financial statement....
Encounter Technologies Inc. (PINK:ENTI) Drops Down But The Market Is Bullish
By Violeta Slavtchevska
Date: Jun 25, 2010
Although Encounter Technologies Inc. (PINK:ENTI, ENTI message board) president personally e-mails the company's plans to investors, the under $1 Pink Sheets stock still cannot see a stable appreciation. A decline was recorded yesterday, but due to the strong investor relations, the market is bullish.
Pausing the short term up movement, Encounter Technologies declined by 6.52% yesterday on higher trading volume and closed at $0.0043. The market did not coincide and the stock was highly volatile throughout the trading session, as the company continues marketing its MusicMatrix platform and keeps promising high revenues to come.
Currently, the only disclosure about a stock promotion for Encounter Technologies is from the end of May.
Supposedly, no compensation has been paid for the promoting of a company, which has no financial results officially filed. But after the technical double bottom of last week, the stock got on this week's Top 10 list of investor alerting newsletters and started climbing up during the past several days.
Speculative interest has also been encouraged by the usual press release yesterday. It announced that an agreement with a major record label has been finalized, which would allow an e-commerce platform to be integrated in the MusicMatrix interactive platform for sharing of music videos, and the company would receive a percentage of the sales for each video purchased over the site.
Keeping the market bullish, Encounter Technology's president seems also to be taking personally care of maintaining investor relations. Yesterday, a post was published in the online forums, which contained an email, saying "Commercials have been uploaded and are at stations for airings. The second we have the schedule we will be releasing for the public." and was signed by Rick DiBiase, President of Encounter Technologies Inc.
Although investors are getting wary about the trustworthiness of all the numerous press release, mass produced by the company over the last months, they still hope that the stock price has a fundamental base, which "true" institutional investors only need to recognize. That seem to be only thing the stock needs, to see a real price and volume run-up
someone sold $8.60 in ENTI shares lol looks like mm manipulation to bring it down or its
someone stupid
Keep up the good work sexy p
My personal opinion is to make it look like others selling instead of Buying, Me and another posted a message earlier about a lot of mirror trades, which shows in it self that it is a head fake sell off, Most likely to cover or to accumulate more shares at a lower pps.... Again this is my opinion nothing more.
Not all Longs Post much on MB's... still holding 10 mil at an average of .0012
I was fixing to post the same info about Mirror trades have seen at least 5 or 6 mirror trades just in the .0038's.... Shares are definitely locked up...
3 more Trading days to Wednesday June 30th... Major Celeb to be Announced... I would hope everyone to hold because most of us Know what L-jn & B-ni did when they announced a celeb spokesperson....
BOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOM Baby BOOOOOOOOOOOOOOOOOOM