Home > Boards > Free Zone > User's Groups > FAT CATS
Followed By 275
Posts 44636
Boards Moderated 6
Alias Born 02/22/2005

Thursday, February 22, 2007 12:15:01 AM

Re: ledzep post# 23495

Post# of 71721
Penny Stock Market Makers Who Are the Players in this Game

By Bill Panetta

Let Me Start off by saying this: Level 2 Does not have the same effect like it did 5 years ago except for OTCBB Stocks & Pink Sheet Stocks. What Do I mean By This? NASDAQ is all chart plays, level 2 has no meaning as it once did for NASDAQ Stocks, and too many games can be played now on level 2. Simply put if you don't know how to read the charts you will get killed on NASDAQ Stocks.

With all the changes on Level 2 Traders have been forced to learn TA, You could had a made a killing with level 2 before 2001 with out TA; I have witnesses that have proven this.

And when I make this comment I am talking about regular trading hours, after hour's different story. Bottom Line Level 2 does not have the same effect on NASDAQ Stocks that it did 5 years ago because of the New Super Soes Trading System being implemented in 2001 and along with 1 cent spreads, it was the worst thing NASDAQ ever did for traders IMO. The Traders from 5 yrs ago know what I am talking about.

Let's talk about the 2 exchanges where Level 2 has not changed and having level 2 is really important to your trading. I am talking about The OTCBB & PINKSHEET Markets.

If you learn how to read into Level 2 on the OTCBB & PINK SHEETS it will really enhance your trading. Let's break down the Market Markets.

There are 2 categories of Market Makers let's talking about the first one.

Retail Market Makers:

These are the market makers from very popular brokerage firms. They handle a lot of the order flow for small retail investors.

NITE: NITE

SCHB: Schwab

TDCM: TD Water House

SBSH: Smith Barney

MLCO: Merrill Lynch

ETRD: ETRADE

GSCO: Goldman Sachs: New Kid on the Block, very active lately.

This is the list that you really have master because these are the MARKET MAKERS that handle promotions, insider transactions also S-8 and CD Transaction.

CD: means Convertible Debentures they are loans the come due and get sold into the market by the loaning company.

There are lot market makers in this category so I will break it down to who are the most important: These are some of the more active MARKET MARKET MAKERS on the street:

FANC: major S- 8 player: if there is an S- 8 on a Stock most likely he will be there on the ask until it dries up

HDSN: major CD Seller Handles a lot CD transactions.


VIEW: love when he’s on the bid

DOMS

MAXM: one of favorites: smart money more like a trader than market maker replaces GNLN for now.

VERT:

CLYP: heavy seller if you see him on the bid it's unusual

HILL:

FLCR:

SACM: love when he’s on the bid

JEFF:

VFIN:

AYME:

STCS:

ABLE: like when he’s on the bid

PBLC

VFIN

PERT

BKST

BNCH

ECN MARKET MAKERS

ARCA (formally GNET): very active used by traders market makers any one can use ARCA you have to know what your are doing. If you have access to ACRA trading system you can use the ecn.

TRAC: owned by my track if you trade with my track you can use this to place your trade as a liquidity outlet same 4 data

DATA: owned by my track same concept as GNET & TRAC

There are probably a few market makers that I left out or there will a few new market makers that show but for the most part these are the major players. Good luck hopes this helps.

Bill

FEATURED Emerging Markets Report: A Case for Uranium May 26, 2022 10:07 AM

KINETIC Group (OTC:KNIT) ("KNIT") Acquires GSS Infrastructure LLC in an All Stock Transaction KNIT May 27, 2022 10:00 AM

XCPCNL Signs Letter of Intent to Acquire Communications, Financial Disclosure, and Multimedia Marketing Firm, Mcap Media, Inc. XCPL May 27, 2022 7:00 AM

Thunder Energies Signs $40 Million Funding Agreement TNRG May 26, 2022 4:30 PM

HNRC UPDATES ON SECOND $100 MILLION DOLLAR SPAC HNRC May 26, 2022 10:00 AM

Grove Inc. Upexi Division Launches Medicinal Mushroom Product Line Direct to Consumer and on Amazon GRVI May 26, 2022 9:07 AM

SciSparc Announces Ethics Committee Approval to Conduct a Phase IIb Trial in Tourette Syndrome SPRC May 26, 2022 8:35 AM

Branded Legacy, Inc. Signs LOI To Acquire First Patent Thomas Pepper Johnson To Join Company's Executive Team BLEG May 26, 2022 8:30 AM

Dalrada Continues Upward Trajectory with 252% Growth in Third Quarter 2022 Financial Results DFCO May 26, 2022 8:00 AM

Atlanta Based Specialty Realty Group Reorganizes, Changes Business Plan & Leadership TNRG May 25, 2022 8:00 PM

OTC: ILUS, ILUS International (Ilustrato Pictures International Inc) Agrees Terms With an Acquisition Delivering Upwards of $100 Million in Annual Revenue ILUS May 25, 2022 11:52 AM

Branded Legacy, Inc. To Introduce New Delta 9 blend THC-0/Delta-8 Blend Gummies Sell Out Again BLEG May 25, 2022 8:30 AM

Goldshore Resources Announces Public (NSERC & MITACS) and Educational (Lakehead University) Tri-Party Institutional Partnership with Alliance Grant GSHR May 25, 2022 8:20 AM

Ultrack Systems Fully Acquires California Trucking Company M-Loan Inc. MJLB May 24, 2022 9:30 AM

SciSparc and Clearmind Medicine Inc. Collaboration Yields Positive Results for its Psychedelic Combination Treatment CMND May 24, 2022 8:36 AM