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Lets see if this bitch rubber bands and blows the sellers out of the water.
Someone trying to cover their tracks for those that don't have level 2 access
Couple hidden orders in there :)
You get your 25s?
I'll let em' out even lower.
BAC may not be able to hold the 5 dollar range as institutions hammer the liquidity.
I'd suspect the selloff the last two days has a lot to do with groups moving funds out of speedtrader and other small boutique shops back to more traditional brokerage accounts as the NSCC puts the clamp on illiquid stocks. Would not be surprised to see a price correction next week. Larger firms are not putting these restrictions on their clients.
Effective October 1, 2011, you cannot trade in excess of 10% of the previous 20 business day average trading volume of any OTC Bulletin Board (OTCBB) or Pink Sheet security, on any day, regardless of the stock's price. In addition, for stocks trading below $1 per share, you cannot trade more than 25% of the current day's trading volume.
If you trade in excess of these restrictions, your account may be subject to closure and/or be charged interest during the three-day settlement period of the illiquid trade. The interest charges will be based on the illiquidity requirement imposed on the clearing firm, which could be many times the value of the trade. The interest rates charged to clients who violate these restrictions will be between 15% and 25% per year, assessed at a daily rate during the trade settlement period. In no event shall any rate be charged in excess of the maximum rate permitted by law.
These interest charges may be substantial and disproportionate to the value of the trade. We are therefore strongly urging our clients not to violate the trading limits listed above.
This is not a change made by Stock USA. These steps are being taken by our clearing firm to help reduce NSCC charges incurred by them. We believe that the NSCC has raised illiquidity charges in response to regulators' concerns. The charges are designed to reduce unwanted trading behavior, such as unregistered distributions and manipulation. The goal is to improve trading in the OTCBB and Pink Sheet markets.
MEDT
I'd suspect the selloff the last two days has a lot to do with groups moving funds out of speedtrader and other small boutique shops back to more traditional brokerage accounts as the NSCC puts the clamp on illiquid stocks. Would not be surprised to see a price correction next week. Larger firms are not putting these restrictions on their clients.
Effective October 1, 2011, you cannot trade in excess of 10% of the previous 20 business day average trading volume of any OTC Bulletin Board (OTCBB) or Pink Sheet security, on any day, regardless of the stock's price. In addition, for stocks trading below $1 per share, you cannot trade more than 25% of the current day's trading volume.
If you trade in excess of these restrictions, your account may be subject to closure and/or be charged interest during the three-day settlement period of the illiquid trade. The interest charges will be based on the illiquidity requirement imposed on the clearing firm, which could be many times the value of the trade. The interest rates charged to clients who violate these restrictions will be between 15% and 25% per year, assessed at a daily rate during the trade settlement period. In no event shall any rate be charged in excess of the maximum rate permitted by law.
These interest charges may be substantial and disproportionate to the value of the trade. We are therefore strongly urging our clients not to violate the trading limits listed above.
This is not a change made by Stock USA. These steps are being taken by our clearing firm to help reduce NSCC charges incurred by them. We believe that the NSCC has raised illiquidity charges in response to regulators' concerns. The charges are designed to reduce unwanted trading behavior, such as unregistered distributions and manipulation. The goal is to improve trading in the OTCBB and Pink Sheet markets.
MEDT
hahaha
Someone getting medieval on that ask!
Exactly, lol
8 market makers bidding .04 on sngx.
ETMM bidding super hard. lol
Good luck selling those shares. I'm not sure how you can "crush the shorts" by balooning the AS
Always been a favorite of mine. The company is solid. It will have its day.
MEDT took a small dip today. Heavy buying took place during this dip. I think this stock is setting up for a hell of a run. Keep a close eye on the trading.
Congrats to those that loaded SNGX yesterday!
MEDT trading super tight. Just like I like 'em lol
Three Analysts including Brean Murray have downgraded SNGX to a hold. Most Bio stocks which see major FDA blows instantly downgrade to sell. Strictly cash on hand gives this stock a fair market value of .04 Judging by the millions of dollars loading at this level, this stock will eventually see a modest to full recover. Time will tell.
Three Analysts including Brean Murray have downgraded SNGX to a hold. Most Bio stocks which see major FDA blows instantly downgrade to sell. Strictly cash on hand gives this stock a fair market value of .04 Judging by the millions of dollars loading at this level, this stock will eventually see a modest to full recover. Time will tell.
MEDT Heading towards a full breakout crew!
MEDT ask is under assault!
Whats up Pimpin! MEDT going to go ~Big!
Nah, I'm logged into L3 lol
I show him at 200,000 lol
I prefer MAXM
MEDT 74s going quick!
We got a live market maker fishing for shares. Just about go time for MEDT!
Looking good for a Friday!
MEDT
ETMM chewing all the shares up. Has to be a market maker. MEDT
AHH someone beat me to the punch :) Go MEDT!
Anyone want these 7s? MEDT