Pan''s Labyrinth

[Pan]

nice description

Posted by: s2kev D

Thanks so much for taking the time to answer my questions, I get so confused reading the board haha. So basically:

-"1 hit left": means price will drop soon?
-"2 pigs left": price is about to move up?
-"gappa": good to get in at open because price is gonna rise in the morning?
-"getting slapped": also good to buy because price is on the rise?
-"smacked/smackage": a positive thing?
- is ther any term for "sell asap" price is going to drop?

Sorry for all the questions, I wanna make sure I'm reading everything correctly before I start committing money. Also what brokerage do you guys use? I have a Scottrade account but I'm thinking of transferring to Lowtrades.com. Thanks again!


http://investorshub.advfn.com/boards/replies.aspx?msg=53142663


Posted by: Z-Man15 Date: Monday, August 09, 2010 11:33:06 PM
In reply to: s2kev who wrote msg# 329755 Post # of 329757
Its all good bud.

-"1 hit left": means price will drop soon?
It usually means the PPS will go up because 1 hit left = 1 more hit till the ask gets smacked down. Example. XYZ has NITE is at .0002. "1 hit left!!!" Someone smacks the ask. Now XYZ has MM GVRC at .0003 on the ask. Some buys at .0003, the stock now is trading at .0003... if that makes any sense at all.

-"2 pigs left": price is about to move up?
Pig = Market maker (MM). "2 pigs (MMs) left" That is usually a good time to buy. If 2 market makers are left, that means once they knocked down, the PPS now has an ask of whatever the MM above the last MM.

-"gappa": good to get in at open because price is gonna rise in the morning?
Possibly. It depends on the stock... if you think it will rise more. So lets say XYZ again at .0002. "gappa" Stock OPENS at .0004. Now it is your choice to buy. Gappa usually signals a good ,strong day. But I have it seen otherwise as well.

-"getting slapped": also good to buy because price is on the rise?
Yes, ask is getting slapped but you much check how much. And the amount of MM left on the ask. Because some MM's take millions, if not billions of shares to move a MM. One the ask gets slapped enough, that MM will get out of the way and the next ask/MM will step in. It will be a higher price than the one before.

-"smacked/smackage": a positive thing?
Exactly the same as getting slapped.

- is ther any term for "sell asap" price is going to drop?
No, not that I am aware of. POS is someones opinion that the stock is a piece of sh**. Usually the post is self explanatory if a people things people should sell. But do YOUR OWN DD and sell (or buy) NOT BECAUSE someone told you to.

Follow the MOMO (momentum = ask is getting slapped) the best you can. That is my advice to you.

No problem bud. I use Charles Schwab. Not the best for pinks but good enough. If you are going to be really committed to pinks, use EquityFeed as a stock trading platform. The best there is but pricey. That is why you need to be committed. But they do have a really cheap 30 day trial. Here is the link: http://equityfeed.com/