Capstone Companies Inc (CAPC)

[Hilander]

Market Maker Signals at Level II:

I'm LONG on the stock & have been since March.
Does anyone know what the MM'er signal 700 means?
Have been trying to figure it out for weeks.

Time & Sales Price Size Exch Time
0.03 700 OBB 10:30:47
http://www.thesubway.com/companydata.asp?qm_page=63325

It stayed at 700 all morning. Then 500K shares traded in just a few minutes.
Also, I see 800 once in a blue moon. Haven't figured out that one either.
They just threw in a 900 - What does that mean? Slow down?


Here's what I know so far:

MARKET MAKER SIGNALS

Penny traders believe that Market Makers (MM) will "signal" moves in advance buy using small amounts of buys or sells as "signals". The "signals" are such a small amount of shares (worth no more than 5 or 10 dollars) that no trader would have paid a commission that costs more than the amount of shares bought. The "signals" are from one MM to another.

100 - I need shares
200 - I need shares badly,but do not take the stock down
300 - Take the price down so I can load shares
400 - Keep trading it sideways
500 - Gap the stock. This gap can be either up or down, depending on the direction of the signal
600 – Take it back up


TIA