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Monday, 11/07/2011 11:20:59 AM

Monday, November 07, 2011 11:20:59 AM

Post# of 65560
Last week when the "codes" were being passed through another poster came up with a list of different codes MM's will use.. According to their "chart" 911 stands for pending news, Just saying, do they know something we don't?




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 500 signal.
911 - Pending News

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