Southern ITS International Inc (SITS)

[Toni]

Ok, check out this chat board. This is an ex MM they are talking to. He explains that these are called "cross-trading" and MM's do this in an attempt to create volume. Some of you might recognise some of the people. ~just sharing~

------------------------------

Today at 9am est we had our Market Maker Expert Steve Kanaval do a question and answer session for us and it was HUGE, had about 40+ here today and will do it again Thursday during market hours

[
[09:19:02] MicroMarkets: Good morning Steve
[09:19:03] Royalflush: {Skanaval} Good morning
[09:19:08] Stock Analyzer: So without any further talking from me let me introduce you to Steve Kanaval our Market Maker Expert
[09:19:20] Stock Analyzer: Steve please get comfortable here
[09:19:24] Skanaval: good morning all sorry for the delay
[09:19:36] Skanaval: I can stay as long as needed
[09:19:40] enJOY: {Skanaval} np, we are pleased you can make it
[09:20:02] Callthebank: Morning Steve
[09:20:06] lasernat: gm
[09:20:07] Skanaval: morning
[09:20:10] Royalflush: {chuck44l} GM
[09:20:24] DONNAS: GM
[09:20:28] Skanaval: sorry Im late laptop issues
[09:20:35] Skanaval: so where do we start
[09:20:44] chuck44l: gm royal
[09:20:50] chuck44l: gm all
[09:20:50] enJOY: {Skanaval} perhaps you can explain to our group what the role of a Market Maker is
[09:21:00] chuck44l: thanks for being here Steve
[09:21:06] jav992: {chuck44l} gm
[09:21:19] Skanaval: in the broadest sense its to provide liquidity
[09:21:23] chuck44l: hi ya jav
[09:21:38] katblk: Steve;If you oversell your book do you borrow from other mm to cover your sales and if you do does it show up in time and sales as volume?
[09:21:40] Skanaval: in the early days on the floor (which still exsists
[09:22:01] Skanaval: speicalists used there own money, as doo commodity market makers
[09:22:16] katblk: ty
[09:22:20] Skanaval: but u guys need to know real life things that help u trade
[09:22:51] chuck44l: lets hear em steve
[09:23:05] lasernat: what are those real life things? tia
[09:23:24] enJOY: {Skanaval} guys and gals lol
[09:23:28] Skanaval: please understand that the majority of market makers do not want a position
[09:23:33] chuck44l: lol joy
[09:23:40] chuck44l: gm carlito
[09:23:44] Skanaval: they are working an order
[09:23:55] Carlito: Gm ,alllll
[09:24:09] Skanaval: and they compete against the alogorythum (computer models) and the public
[09:24:43] chuck44l: {Skanaval} please explain alogorythum
[09:24:52] Skanaval: also the promotions to move the stock price that exists in small and microcap
[09:25:11] Skanaval: i would like to explain !.) algo trades
[09:25:24] Skanaval: 2.) promotion trading
[09:25:36] enJOY: {Skanaval} great thank you
[09:25:54] Callthebank: Steve one of the questions I would like to know . Is there a true numbers system and what do the real numbers mean..Exsample 411
[09:25:58] enJOY: {Lex_Luthor} gm
[09:26:12] chuck44l: gm lex
[09:26:12] Lex_Luthor: {enJOY} gm
[09:26:18] Lex_Luthor: gm all
[09:26:34] enJOY: Can we let Steve give his explanations of the system and then we can ask him questions ....sound good?
[09:26:46] Callthebank: 10-4
[09:26:48] Skanaval: CTB..let me come back to that
[09:26:59] Skanaval: Algorythum trades
[09:27:17] katblk: Steve:Why in pinkie land and bb when so many shares are in the float it takes huge volumme to move it forward,but then out of nowhere a few thousands shares trades and the stock drop a high percentage
[09:27:38] Skanaval: are ctalled VWAP or Volume Average Price Weighted
[09:27:52] chuck44l: gm redz
[09:27:58] redZ94: morning
[09:28:09] Skanaval: where the computer will prompt to trade with the volume
[09:28:40] Skanaval: whereas if 1000 sharest next avail price trade at a price it will auto execute
[09:28:41] chuck44l: for all that don't know we have Markt maker Steve Kanaval with us for a q&A session
[09:28:51] i_like_bb_stock: ATNO asking 009!
[09:29:06] chuck44l: gm elcheepo
[09:29:06] Lex_Luthor: brb
[09:29:27] Skanaval: I know we are in the opening range so you guys do what you do and I will keep typing
[09:29:41] chuck44l: ty steve
[09:29:44] enJOY: {Skanaval} sounds good thanks
[09:29:47] Skanaval: INIX is a good example of a stock in promotion
[09:29:48] Carlito: {Skanaval} :--)))) thx
[09:29:50] chuck44l: gm rakk
[09:30:15] rakkbjblessed: {chuck44l} gm
[09:30:19] Skanaval: I spokew ith the Chairman and asked if he would come pn later this week
[09:30:24] Skanaval: Drew
[09:30:28] jav992: also, please let steve finish what he is talking about now before going to questions
[09:30:57] Larry: {jav992} agreed
[09:31:07] Skanaval: know that INIX can only iuse stock to raise money and this dilutes everyone
[09:31:23] chuck44l: gm crypt
[09:31:29] i_like_bb_stock: ATNO 008x009
[09:31:45] Skanaval: he hired a "market awareness" firm if you read his press release
[09:32:11] Skanaval: and he gives them discounted stock and they start buying and average up
[09:32:16] Skanaval: then they sell
[09:32:21] Skanaval: very simple
[09:32:31] chuck44l: great info steve
[09:32:40] Skanaval: except if you are there when the promotion ends
[09:32:49] Skanaval: and no one knows the timing
[09:32:56] Skanaval: except 1 guy
[09:32:56] jav992: amhd, .0027
[09:33:02] Skanaval: so be careful there
[09:33:24] jav992: brb
[09:33:37] Skanaval: let me lkook back at another question
[09:34:10] enJOY: {Skanaval} how can we spot a Market Awareness firm doing the buying?
[09:34:17] Larry: frgy .067
[09:34:36] lasernat: Steve concerning promotions when a company is raising capital, is there a certain target when it goes on a run and how is that figured if so? tia
[09:34:42] Skanaval: enjoy
[09:34:52] Skanaval: there is a website that lists them
[09:35:00] Skanaval: I will find it for you
[09:35:00] i_like_bb_stock: ATNO 008x0085 3x1 the buying continues
[09:35:05] enJOY: {Skanaval} thank you
[09:35:28] Skanaval: but you can tell by increase in volume
[09:35:36] chuck44l: {redwing} m to ya
[09:35:41] chuck44l: gm
[09:35:41] don_t: {Skanaval} That alone is worth the price of admission.
[09:36:13] chuck44l: hi gocubs
[09:36:17] redwing: morning
[09:36:33] Skanaval: the promoter is trying to dupe you guys into buying
[09:36:40] Skanaval: so he can get out
[09:37:11] Skanaval: and the company turns over all shares to promoter
[09:37:16] chuck44l: once again for anybody that don't know we have steve kanaval with us this morning for a q&a session about market makers and how they work
[09:37:21] Skanaval: they have little control
[09:37:40] Skanaval: another thing about Algo Trades
[09:37:49] i_like_bb_stock: adcs news ADCS news: Advanced Content Services Reveals Strategic Alliance With Major Big Ten University MBA Program
[09:38:00] Skanaval: these were designed in the 80's to mirror trader tendencies
[09:38:21] enJOY: {Skanaval} for the benefit of whom?
[09:38:22] Skanaval: I helped design them with Goldman and Reay Plus
[09:38:31] Skanaval: Ready Plus
[09:38:54] chuck44l: gm chart trader
[09:39:01] Skanaval: they have become a monster for markets
[09:39:20] ChartTrader: g/m guys&gals
[09:39:40] Skanaval: the guy who blew up at the French bank
[09:39:57] Skanaval: was using a n algo system and he got over his head
[09:40:36] Skanaval: next time i come on i will have links so you guys can follow the thought process
[09:40:56] Skanaval: and I will come here at least once a week to help you identify action
[09:41:02] Skanaval: know this
[09:41:05] chuck44l: thanks steve
[09:41:14] Skanaval: if you are buying a stock which is rising
[09:41:14] Carlito: {Skanaval} k, thx
[09:41:22] dak77: Thank you
[09:41:23] enJOY: {Skanaval} most helpful thank you
[09:41:43] Skanaval: you are playing a game similar to hedgefunds where they are jumping on a momentum trade
[09:41:53] Skanaval: and they have deep pockets
[09:42:09] Skanaval: that is THE moost difficult trade to make
[09:42:16] Skanaval: buy a rising stock
[09:42:23] Skanaval: or short a falling stock
[09:42:42] Skanaval: most people in microcaps are relativeloy new traders
[09:42:59] Skanaval: its like asking some one in band camp to play Mozart
[09:43:13] jav992: amhd .0028x.0029 2/1
[09:43:42] chuck44l: gm wymen
[09:43:47] Skanaval: in microcap your only edge is knowing where all the bones are buried
[09:43:59] wymen: GM everyone
[09:44:01] Skanaval: who owns the shares and what they intend to do with them
[09:44:13] chuck44l: if woofer was here i know he would respond lol
[09:44:27] Skanaval: to know this you must read the filings or call the company
[09:44:53] Skanaval: I am glad to call any company for you or sort out filings
[09:45:12] Skanaval: you guys have an edge in your room becuase you can disseminate info as a team
[09:45:15] Skanaval: use that
[09:45:27] chuck44l: steve how come i feel like a market maker is stepping over my order at times
[09:45:29] Lex_Luthor: would it be possible to get a transcript of Skanaval's talk today?
[09:45:41] Stock Analyzer: yes lex
[09:45:45] enJOY: {Skanaval} are you becoming a permanent member of our group?
[09:45:47] Skanaval: market markers know ahead of time the info to be released
[09:45:50] Lex_Luthor: EXCELLENT!
[09:45:50] chuck44l: {Lex_Luthor} yes save session
[09:45:53] Skanaval: you dont
[09:46:02] Skanaval: so its a spped game
[09:46:06] Skanaval: speed
[09:46:34] Skanaval: you guys need to be like the underdogs in gladioator
[09:46:46] Stock Analyzer: {Skanaval} lol love that
[09:46:52] enJOY: {Skanaval} lol we are
[09:47:05] Skanaval: and hide under your shields
[09:47:10] Callthebank: agreed
[09:47:16] Skanaval: because they want to harm your pocketbooks
[09:47:36] ChartTrader: BLLB moving up slowly
[09:47:40] Skanaval: as a former hedgefund manager
[09:47:46] Skanaval: we would divide dutiews
[09:48:03] Lex_Luthor: I had to chase BLLB to .004 to get in!!, erg!
[09:48:05] Skanaval: everyone had an area they would research and we would have fire drills
[09:48:21] Skanaval: to see how fast we could decifer info
[09:48:31] Stock Analyzer: FRGY going for .07 here soon imo
[09:48:38] chuck44l: {capNkewl} gm
[09:48:38] ChartTrader: {Lex_Luthor} it was mentioned yesterday
[09:48:46] Skanaval: you all should divide your skill sets
[09:48:51] capNkewl: goooood mornin all
[09:48:57] capNkewl: heyaz chaz!
[09:49:00] Lex_Luthor: I tried yesterday and they wouuld not sell to me
[09:49:24] ChartTrader: k
[09:49:31] Skanaval: also know that pink sheet guys skirt sooo much regulation
[09:49:54] Skanaval: whereas a OTCBB guys is paying much money to satify sarbanes oxley
[09:50:08] Stock Analyzer: {Skanaval} really appreciate you being here Steve
[09:50:09] Skanaval: most OTCBB companies should not even be public
[09:50:13] enJOY: {Skanaval} am I correct in deciphering that you feel as a chat group, we should form one buying group?
[09:50:15] Skanaval: np
[09:50:23] Skanaval: NO
[09:50:36] Lex_Luthor: Like Shakerzzz?
[09:50:42] enJOY: {Skanaval} ok, clarifying for others
[09:50:42] chuck44l: lol
[09:50:44] Skanaval: I mean you should arrive at conclusions aas a group and trade on your own
[09:50:57] enJOY: {Skanaval} perfect
[09:51:06] Skanaval: this is why there places will always exosts
[09:51:14] Skanaval: exsist
[09:51:33] Skanaval: becuase the social concept is changing communication
[09:52:01] capNkewl: thank u Dr Phil
[09:52:02] Skanaval: and thus changing markets
[09:52:07] enJOY: {capNkewl} lol
[09:52:21] Lex_Luthor: Did anyone talk about mirror trades?
[09:52:25] chuck44l: {cha_ching} gm
[09:52:32] enJOY: {Skanaval} agree and important
[09:53:02] Skanaval: I dont know what a miror trade is can you describe what happens
[09:53:13] Skanaval: it propbably has another name
[09:53:37] Lex_Luthor: 200000 bout, 200000 sold at the same time
[09:53:41] Lex_Luthor: immediately
[09:53:54] Lex_Luthor: back and forth
[09:53:58] Skanaval: cross trades
[09:54:00] Skanaval: yes
[09:54:02] Lex_Luthor: yes
[09:54:06] cha_ching: gm....chuck
[09:54:11] Skanaval: these are done by the same trader
[09:54:13] jav992: {Lex_Luthor} or 200550x200550
[09:54:16] Lex_Luthor: meaning crossing stock?
[09:54:19] Skanaval: to create volume
[09:54:23] ChartTrader: {Lex_Luthor} that's called painting the tape
[09:54:24] Skanaval: yes
[09:54:28] Skanaval: yes
[09:54:39] Lex_Luthor: {Skanaval} Crossing?
[09:54:41] Skanaval: to draw watchers and participants
[09:54:44] ChartTrader: which is illegal but MMs do it all the time
[09:54:52] Skanaval: yes they are crossing trades
[09:55:00] Lex_Luthor: I used to cross in 87, LOL
[09:55:21] capNkewl: TMI
[09:55:22] doc_frank: gm all
[09:55:26] Lex_Luthor: I thought cross could only be between same MM?
[09:55:40] jav992: {Skanaval} have you covered 411 and 911 trades? are they signals
[09:55:47] Skanaval: if you all think that the regulators have any control over the massses and that they can protect you you are dillusional
[09:56:04] chuck44l: gm doc
[09:56:09] Skanaval: u can cross a customer order with the firm
[09:56:11] Lex_Luthor: I have placed order trades in at 911 before
[09:56:25] cha_ching: is there any validity to the numerical trades such as 100......200....500 etc.
[09:56:36] cha_ching: do they mean any thing

[09:57:10] Skanaval: Technial analysis effects markets
[09:57:11] doc_frank: wheres crypt
[09:57:23] Crypt_Keeper: im here frank
[09:57:36] Skanaval: logical round number stopping points effect perception
[09:57:38] enJOY: {Skanaval} like jav asked, are there signal trades like odd numbers that signal MMs
[09:58:05] Skanaval: Enjoy..I would say in general NO
[09:58:19] enJOY: {Skanaval} in general? lol
[09:58:25] Skanaval: they dont care..they care about their current position
[09:58:38] cha_ching: Skanaval.......my question was for you
[09:58:38] chuck44l: there will be a chat log posted
[09:58:43] Skanaval: and how much time they have to execute
[09:58:51] doc_frank: onmc ban what did you post or who did you chew out / will not get past my ears
[09:58:58] Royalflush: PCLI on watch .018 +28%
[09:59:05] Skanaval: cha ching
[09:59:16] Crypt_Keeper: lol..i'll pm ya
[09:59:17] chuck44l: gm alegra
[09:59:17] enJOY: {Skanaval} so many times we see 711 , 411 ..is that merely someone who likes to trade odd numbers?
[09:59:34] chuck44l: nice group today thanks all for being here
[09:59:35] lasernat: do MM's walk down a stock to shake you out or is that done by clever traders?
[09:59:36] JimmyJ: Have a great ay all. Thanks Steve, very informative!
[09:59:49] enJOY: {JimmyJ} cya
[09:59:56] chuck44l: see ya jimmy
[10:00:00] jav992: {JimmyJ} thanks for coming
[10:00:00] Skanaval: these are identifying flags so they can go back and read tape
[10:00:16] chuck44l: {Skanaval} please explain
[10:00:21] enJOY: {lasernat} good question
[10:00:39] Skanaval: sorry i did not understand question
[10:00:46] Skanaval: these are all algo rythum trades so they can go retest thier system
[10:00:55] Skanaval: and they put a 411 on it
[10:01:03] Skanaval: or 711 or 911
[10:01:12] cha_ching: Skanaval....it's said those are signal numbers to other MM's needing more shares etc.
[10:01:18] enJOY: {Skanaval} ahhhhhh ok
[10:01:33] Skanaval: the computer can review price action in hindisght and upgrade algo
[10:02:02] enJOY: {Skanaval} so we are not trading against human nature, we are trading against a machine more so
[10:02:09] Lex_Luthor: {Skanaval} I have bought at 911 to make traders think stock is going higher
[10:02:10] Skanaval: yes
[10:02:22] Lex_Luthor: lol
[10:02:22] Skanaval: but someone is monitoring multiple names at the same time
[10:02:27] enJOY: {Skanaval} gets more like Las Vegas all the time lol
[10:02:35] Skanaval: yes it does
[10:02:55] Skanaval: be back in 5 mins, need to check on my flight
[10:03:04] cha_ching: (Skanaval) was that yes for me...???
[10:03:07] enJOY: {Skanaval} ok,
[10:03:37] Lex_Luthor: {Stock Analyzer} This is great!
[10:03:47] enJOY: {cha_ching} ask again when he gets back
[10:04:09] jav992: {cha_ching} he said: hese are all algo rythum trades
so they can go retest thier system
Skanaval: and they put a 411 on it
Skanaval: or 711 or 911
[10:04:38] chuck44l: gm sky
[10:04:57] skyblu: g/m all
[10:05:37] Royalflush: GRMU .0024 +41%
[10:05:52] Skanaval: back
[10:05:56] Lex_Luthor: looks like BLLB shake
[10:05:59] Skanaval: cha ching
[10:06:31] enJOY: {Lex_Luthor} so you are the 911 hahahaha
[10:06:45] Lex_Luthor: {enJOY} sometimes LOL
[10:06:56] enJOY: {Lex_Luthor} lmao
[10:07:04] Skanaval: the 411 and 911 is so they can retest the algorythum by looking at the action of the tape and thier trades stand out
[10:07:13] allegra: does anyone know anything about PDGT
[10:07:20] Skanaval: I ma no longer a market maker
[10:07:21] cha_ching: {cha_ching} (Skanval)...ok.....can u give us a list of what those alog. numbers mean
[10:07:36] Skanaval: yes i can
[10:07:58] Skanaval: I will need to post it on the site i do not have it all in front of me
[10:08:07] Skanaval: and i want to be up to date for you
[10:08:12] Carlito: K
[10:08:13] enJOY: {Skanaval} that would be excellent
[10:08:22] Callthebank: {Skanaval} Why do some buys or Sells I put in not show on the L2 ..But are near the money
[10:08:38] cha_ching: (Skanaval).....ok......thanks....that would be most helpful to us all
[10:09:16] Skanaval: ctb
[10:09:22] Skanaval: i dont know
[10:09:27] Skanaval: but will find out
[10:09:58] Skanaval: here is info still coming to me in the form we would get it
[10:10:12] Skanaval: 7:06:21 AM): VNO--neg chatter---Hearing New York State Assembly is looking to put Penn Station redevelopment deal on a permanent hold. - could be a significant negative for the co.\h
[10:10:14] chuck44l: we should start a q&a session for steve on the home page
[10:10:18] Royalflush: {Skanaval} dont you think once they are published on a cht board thyll change them or its not that easy
[10:10:18] cha_ching: (Skanaval)....I'v seen same numbers at BID & ASK for couple minutes......then it starts moving......does this mean any thing
[10:10:34] Skanaval: it means someones system is slow
[10:10:41] Skanaval: probably you connect speed
[10:10:48] Skanaval: they have very fast systems
[10:10:58] Skanaval: zero latency normally
[10:11:31] Callthebank: it's only on some I have seen this
[10:11:36] Skanaval: All..I must go catch a flight. I will come back Thursday
[10:11:52] Lex_Luthor: Thanks alot!
[10:11:52] Skanaval: I hope this helped you
[10:12:10] Callthebank: A big thanks STEVE
[10:12:13] Skanaval: I am glad to support knowlegde and understanding of the markets
[10:12:13] cha_ching: (Skanaval)......thanks
[10:12:14] enJOY: {Skanaval} thank you so much for being here ........you have been so open, direct and helpful. We look forward to your return.
[10:12:15] Crypt_Keeper: thanks steve
[10:12:30] enJOY: {Skanaval} Would like to keep you around lol
[10:12:36] Skanaval: I will make my self available over the next few weeks for you all
[10:12:37] enJOY: {Mary} gm
[10:12:45] enJOY: {Skanaval} muchas gracias senor
[10:12:46] Crypt_Keeper: much appreciated
[10:12:46] Mary: good morning, sunshine
[10:12:51] chuck44l: thanks steve
[10:12:55] Skanaval: trade safe..friends dont let friends buy highs
[10:12:58] Callthebank: Great like hearing that.
[10:13:03] Skanaval: or sell lows
[10:13:05] jav992: {Skanaval} see you thurs.
[10:13:15] enJOY: {Skanaval} will do our best
[10:13:18] chuck44l: {Skanaval} call me when you get a chance and we will get your mic set up
[10:13:29] Skanaval: become an honest tight knit community with vareid research skill sets
[10:13:31] Mary: chuck!!!!
[10:13:36] cha_ching: Steve.......that's food advise
[10:13:36] Skanaval: will do