ADAPT on KnepperBob (ex Market Maker) continued. For those interested it appears there is even more to Bob's revelation concerning Bob's association with this stock. In PM Bob states the following:
Now I make a statement "1. When they do carry inventories the stock rises so they can sell their inventories" 'they' meaning MMs.
But the response I found extremely revealing where Bob states:
COMMENT: This statement, pursuant to your article, makes no sense to me. I was a market maker and have no idea what you mean.
Hmmm ... wonder if Bob still carries a series 7 and if his posting is not even more revealing when people realize what he is revealing to me. But he does not understand MMs buying an inventory and selling when the price rises. Hey we all do that or suppose to but him being an ex MM adds a little revelation to the revelation he has posted already and also I understand why he hates the 10 red flags of manipulation composition. People should report to the regulators when they see those 10 red flags happening to their investment. I realize an MM will hate that composition but he confirms even more.
I reference "2. Cross-Trading is the control by one or only a few brokers who match purchases and sales to drive up or down the stock price whichever way benefits them" Now we all know this is where the stock is flipped at the same price. What is its legal term I do not have a clue but I call it a cross because it is a double and even a triple print. But Our ex MM states the following, which confirms exactly what I am saying but saying a bit differently.
COMMENT: Cross trading is done when the same MP has buy and sell orders on his books and tries to match them internally, which according to NASD rules is his first priority. It usually results in best execution for the customer.
Cross trading also occurs when a MP "books" an order for a customer and tries to make money by filling the order at a negotiated price with another MP. This is totally legal, and has accounted for most of the profit generated by traders for the last 150 years. This is not manipulation.
Now he does not discuss the other side of the trade and the initiated trade, which is what we see in the trading log. But he does not feel any of this is manipulation, which is fine. To me it is and does away with supply and demand especially when other trying to get filled can't , which means the MM is filling his trades first and that is not suppose to happen. I believe the public should be filled first.
Next I give my opinion on the infamous "4. Stock Call Signals which appear to be small share blocks of stock typically 100, 200 and 300 to get a supply of stock another MM or broker to help with an "Oversell", which is the amount of shares sold by a Market Maker that were not bought" I realize they are automatic fills from the MMs automated order flow systems, which the MM then goes out in search of stock, but to me the partical fill is a signal for stock. Plain and simple and I have tracked this nonsense for several years. However our ex MM does not like this opinion either.
Bob states: " COMMENT: As far as I know, when we got stuck long with odd lots, we would call around desk to desk to see if anybody was short an odd lot or two. If so, we would print it as a wooden ticket (kind of like a credit), so as not to incur additional ticket charges on such a small trade. Not illegal - happens in almost every OTC transaction, NASDAQ or BB.
Now maybe you can see why I have a problem with how this so called ex-MM and financier (part of a syndicate that bought 15M shares and did not make the filings on such a large position) has a problem with my composition.
I guess if I was in his shoes I would have a problem with it also. Of course I am misinforming the public and should be shot for daring to write about what I see almost daily in the market. Even futher I think anyone that is what Bob claims to be should be totally and completely looked at for playing the possible grwey areas of the market like crossing, boxing, tactics to avoid 13D filings and the likes.
More as he exposes himself.
:=) Gary Swancey
AI
Market Data 
Markets 
