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Re: claytont123 post# 15911

Friday, 02/24/2012 10:40:28 AM

Friday, February 24, 2012 10:40:28 AM

Post# of 160012
I did some DD on my own question and this is what I found.

"NITE : This is the king MM of the OTCBB. He intimides traders and other MMs use that to their advantage knowing that he scares them. That's why NITE is the shaker on most stock runs; he is the most common ax. NITE could be on the ask all the time, he could be leading a dip scaring sellers to SCHB and TDCM on the bid"

He is most likely using his tactics to accumulate more shares before a serious PR containing revenue information or the annual report posts. His downfall or simple side step out of the way will come once the market gets hot.

Then, "The player will have to be very careful to avoid being “steamrolled’ by hot buying."

I took this information from http://stockalyzing.com/stock-learning/104-understanding-level-2-and-market-makers.html.

Go ICPA!