Monday, January 05, 2015 10:07:06 PM
"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."
http://www.penny-stock-brokers.org/mm-nite-shorting/
Recent NHMD News
- Form 8-K - Current report • Edgar (US Regulatory) • 01/29/2024 11:03:52 AM
- Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 01/26/2024 11:12:41 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/25/2024 04:15:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/19/2024 11:02:31 AM
- Nate's Food Co. Secures Jet Fuel Purchase Order Valued at Nearly $5 Billion • InvestorsHub NewsWire • 01/18/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/11/2024 01:40:29 PM
- Nate's Food Co. Announces A $8 Billion Aviation Fuel Joint Venture Agreement • InvestorsHub NewsWire • 01/10/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/27/2023 07:51:28 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/19/2023 11:03:24 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/08/2023 08:04:28 PM
- Nate's Food Co. Successfully Obtains GACC Registration in China, Paving the Way for Contract Execution on Commodities • InvestorsHub NewsWire • 11/28/2023 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/27/2023 11:02:48 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/17/2023 01:09:56 PM
- Epazz, Inc. (OTC Pink: EPAZ) US Navy Collaboration ZenaDrone 1000 • InvestorsHub NewsWire • 11/09/2023 01:00:34 PM
- Epazz, Inc. (OTC Pink: EPAZ) US Navy Collaboration ZenaDrone 1000 Extreme Weather Demo • InvestorsHub NewsWire • 11/07/2023 12:29:43 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/06/2023 05:07:56 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 10/16/2023 10:17:31 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/16/2023 10:07:09 AM
- Nate's Food Co. Affirms Commitment to Shareholders: No Reverse Stock Split Until 2025 • InvestorsHub NewsWire • 10/12/2023 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/11/2023 07:21:54 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/10/2023 10:01:05 AM
- Nate's Food Co Successfully Completes Cancellation of 1 Billion Common Shares, Paving the Way for a Bright Future • InvestorsHub NewsWire • 10/03/2023 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/03/2023 10:09:51 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/26/2023 10:09:23 AM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM