FastFunds Financial Corp (fka FFFC)

[OPT]

I see the same going on with this stock, same games NITE is playing with GCEI is playing with FFFC

read below

source

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=89089283

Makulit Monday, June 17, 2013 2:12:51 PM
Re: None Post # of 2984

Re: GCEI and NITE:

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. Thats 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.

The ax is the market maker that controls the price action in a given stock. You can find out which market maker this is by watching the level II action for a few days - the market maker who consistently dominates the price action is the ax.

The ax isnt always trading the stock in one direction or another.

Sometime he is keeping it in a tight range and sometimes he is not there at all and another ax may step forward. Note that there are times where there is no ax present. The point is the ax is the one to watch closer than all other parties or MMs.

Many day traders make sure to trade with the ax because it typically results in a higher probability of success.

Note that the ax is not static.

On any given day any party can be an ax, there may be one ax in the morning and another in the afternoon. If a big order comes onto the trading desk of a firm that doesnt do big volume in a certain name, the ax will take care of it and command the action.

Translation: NITE has us by the balls until a large group of traders unite to kick NITE in his ass