Secure Point Technologies Inc (fka IMSCQ)

[Imperial Whazoo]

Yeah, I said it like a dumbo. Not well said.

The guy was NITE, which is typical. They operate traders who trade what the NITE floor manager says to do. Its just that there was a NITE trader jamming the bid over & over and it ended with a big "dump" of 100K shares just before the EOD ended the day for the guy. Whether the NITE floor manager came up to this particular trader and said "get out.... game's over for the day", or something else of that kind, we will never know. In any event, somebody was pushing shares across in an illogical fashion if they were actually trying to trade the thing to make money. It appeared to be a guy doing an illogical thing deliberately and there is a lot of that going on. He was not trading his own shares to make a buck. He was on the job for NITE and doing what they wanted, which from a short term point of view, is illogical to people like you & me (who have to make a buck to survive), but you can bet your bottom dollar that they have a running costsheet on this and they were trading out at 15:56:34 with 100K for a longer term game play point of view. Personally, its less important to me to actually get a grasp of WHY a an illogical thing is happening.

I just learned long ago that you have to fly the plane by your instruments and stop trying to rely on your senses. Volume is like a dislpay on a flight deck on altitude or airspeed or somesuch. You can get in a fog and lose the horizon and you can fly the thing into the ground if you insist on going by your feelings. What I've had to do is learn to read the volume guage and to watch the bid activity & the ask activity to see who is doing what and in what size lots.

I look at the volume to figure out whats happening. Over and over somebody at NITE was hitting the bid yesterday afternoon. It was as plain as day. If they were actaully trying to make a buck off of the actual shares, they would have been holding their powder till today & taking a profit, (or selling at the ask, not the bid).

So the only explanation for some guy showing that he just wanted to repeatedly hit the bid is that he was trying to dampen the momo and that, at 15:56:34, after he had a clear picture that his efforts were fruitless, he hit it one more time at the ASK and the day's work for him was done. IMHO, it was not his money. He's doing it at the direction of a floor manager who it telling him what they want to try to do. If a player like NITE takes a down day on the thing for a short term, its only one brief instant in a bigger picture & plan for the NITE team as a whole.

So, thats what I figured was going on.

Volume and where volume actually happens tells the tale every time.

Imperial Whazoo