Dooley's stock picks

[fourkids_9pets]

why learning the patterns from l2 on the OTC
makes reading l2 patterns on the naz a piece of cake

to set the stage for those that may not know .. i've
observed real time (rt) level 2 (l2) on approx 10 OTC
co.s for the past 3 years .. the crap that is played
out by the primary and secondary MM's on the OTC is
beyond disgraceful and once one knows what they are
looking at .. incredibly obvious .. yet the sec continues
to allow knight's monopoly .. imo because if actually dealt
with ... would most likely result in a few other unintended
consequences

but since i can't fight what *currently* passes for normal
with trading on the OTC .. other than trusting in my DD
and bid sitting ~ since i almost never hit the ask on OTC
co.s when i'm inclined to add shares

what i can do tho' is take those data points and patterns
and carry them over to naz based co.s that i could *see* by
the trading patterns on rt l2 .. had *shorts* in play needing
to be covered :)

so using zagg .. since i'm actually a sor and noting the short
pos keeps increasing .. all the while the pps keep heading north

here's how i can play the sobs' games .. right back at them
using my self directed 401k acct where i can trade without
tax consequences (unlike my personal investing account that
does have significant tax consequences if i were to trade)
i should also add my self directed 401k doesn't allow buys
into any stock whose pps falls below 1.00 (they could care
less what exchange it's traded on but the pps *matters*)

i take note of the volume done within the first hour and how
that comps out to the avg ~ btw i should mention i'm totally
chart challenged so have never paid attn to anything beyond
knowing a co.s share structure .. volume avgs (i've been
conditioned by fidelity's daily/10 day and 90 day avgs) and
then percentages traded

and since i do not trust what is *officially* put out by either
the sec or finra .. i tend to wait for the *shake* that always
comes to pass when shares are needed to cover or *reset* shorts
(which imo never .. ever .. leave a stock)

so zagg had earnings out this week .. blew them away
the short position (what is actually *shown*) also increased
told me a *shake* was en route .. here's a copy of what i
posted about zagg .. elsewhere

[12:34:57 PM] 4kids: zagg 7.45
[12:35:11 PM] 4kids: i'm thinking of adding again if this gets to 7ish
[12:35:23 PM] 4kids: shorting it down right down
[12:35:33 PM] 4kids: per l2
[12:56:06 PM] 4kids: have a bid on zagg at 7.19
[12:56:12 PM] 4kids: we'll see if it gets filled
[12:56:31 PM] 4kids: took them 3 tries to break lod 7.38 new lod is 7.34

[1:43:03 PM] 4kids: took zagg to 7.17
[1:43:07 PM] 4kids: my 7.19 filled
[1:43:13 PM] 4kids: now 7.33
[1:43:21 PM] 4kids: i love l2 on naz stocks
[1:43:38 PM] 4kids: almost a dollar channel run today on zagg

now *they* may well do the same *pattern* tomorrow on zagg
which is why i'll most likely have a bid set lower

i try and split out buys so i always have cash free

again i go based on what i see on l2 as well as what volume
is running

right now .. 2:13 pm .. zagg is at 7.30 and volume is *above* avg :)

ZAGG Volume 1,483,096
Average Volume (10-Day) 1,257,059
Average Volume (90-Day) 808,276

--
4kids
all jmo