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Just thought I would share this....most of you probably know already.
There are a few things that you need to know about the market maker NITE. Knight Securities uses the ticker $NITE. This market maker is known for being one of the most abusive market makers in the penny stock market. Most of the popular penny stock brokers route from NITE because they are quick to execute most orders. One thing that I’ve noticed is that NITE tries to screw you over. You have to realize that each market maker has it’s own complex algorithm that tries to make them money. Sometimes they make money by shorting the ask and then covering on the bid. Sometimes when a stock is running and you place an order on the ask and you don’t get filled, it is actually the market maker taking shares on the ask. Then they move up the bid and ask and tries to bait traders into hitting the ask again to sell the shares that they just bought. You’ll also see MM’s shorting a stock as it runs up because they know that it will eventually come down. Think of it this way. If they are able to short a stock at .01 and it runs to .10, you will hear people on the stock forums saying, shorty is going to get burned, or this market maker is short. In reality, it really won’t matter because naked shorting really isn’t enforced and any short will eventually be able to cover if they just keeping shorting more. If they short at .01, .02, .03…to .10 it appears that they are really short.
Then what happens is they keep shorting more at the top say at around .10. Then the promotion is over and then over the next few days the MM is able to short more in the .06 to .08 range. People keep buying because they think more is coming, but the promo is over. The price keeps decreasing over the next month back to .02 to .03 range where the MM is able to cover for a profit. So as you can see the market makers like NITE never lose and it is only the bag holders.
Just thought I would share this...most probably know this already.
There are a few things that you need to know about the market maker NITE. Knight Securities uses the ticker $NITE. This market maker is known for being one of the most abusive market makers in the penny stock market. Most of the popular penny stock brokers route from NITE because they are quick to execute most orders. One thing that I’ve noticed is that NITE tries to screw you over. You have to realize that each market maker has it’s own complex algorithm that tries to make them money. Sometimes they make money by shorting the ask and then covering on the bid. Sometimes when a stock is running and you place an order on the ask and you don’t get filled, it is actually the market maker taking shares on the ask. Then they move up the bid and ask and tries to bait traders into hitting the ask again to sell the shares that they just bought. You’ll also see MM’s shorting a stock as it runs up because they know that it will eventually come down. Think of it this way. If they are able to short a stock at .01 and it runs to .10, you will hear people on the stock forums saying, shorty is going to get burned, or this market maker is short. In reality, it really won’t matter because naked shorting really isn’t enforced and any short will eventually be able to cover if they just keeping shorting more. If they short at .01, .02, .03…to .10 it appears that they are really short.
Then what happens is they keep shorting more at the top say at around .10. Then the promotion is over and then over the next few days the MM is able to short more in the .06 to .08 range. People keep buying because they think more is coming, but the promo is over. The price keeps decreasing over the next month back to .02 to .03 range where the MM is able to cover for a profit. So as you can see the market makers like NITE never lose and it is only the bag holders.
3's getting love tapped again....
Up your ask NITE!!!!!
NITE screwing us again as always.....
Nite needs to take a hike!!!
Just a dip before the rip!!!! Last chance!!
I'm thinking mid 40's but I like yours better!
DSCR moving nicely today....
Lets get rockin when the 44's a knockin.....LOL
42's gone.....
We cant hold this animal back!!! 41's up!!!! Giddy up!!!
35's getting hammered. About to be gone!!!
Lunch time and its still moving up. Can hardly wait til this afternoon!
One step at a time...then BOOM!!!!
Lined up....31, 32, 33, 34.....Lets roll!!!!
32's....SEE YA! 33's up now.....All Aboard!!!!
32's up now.....
31's up now.....giddy up!!!!!
30's up
Sweet. You will have to send me the info on it so I can check it out next time I'm in Fla.
Thought that place closed down?
Finally! Thank you!
Then why are you still here? Move on and follow the next P&D.
19's falling
News article about Bitcoin. Not bashing! Just sharing, but this could be very good long term IMO
http://www.cbsnews.com/videos/bitcoin-future-in-jeopardy-as-trading-site-collapses/
Did anyone see the spot on the CBS Evening news tonight about bit coin? Was quite interesting. Will see if I can find a link. Bitcoin tumbled today and could explain the drop here.
I think this continues to climb until news comes out. JMO of course! Maybe tomorrow who knows. Wish I had caught this stock sooner but still made some coin this afternoon. Should be verY interesting tomorrow. GLTA!!!
There she blows!!! Too late people!!!!
Yes, TDA sucks when it comes to penny stocks. I use Etrade with no problems whatsoever.
Fingers are on the trigger!!
People better get in now or chase!! Dont wait until the last of the day....it will be too late. JMO
Go Manning!!! I mean, VGRP...both nice plays! Fasten your seat belts people!!! Launch coming!!!
Smack it baby! Smack it! Weeeeeeee!!!!
Slap dat HO!!!!! LOL
Welcome to the bag holders club. I have a few myself. I think your chances here are a lot better than mine in others. GLTY!
VFIN not gonna let it close over 38
VFIN back in to suck the last few minutes of the day....
More like the MM leech Olympics.