Give me a break. How can you call yourslef "penny ta" and not understand that Hudson is a wholesaler that often sells convertibles?
A little MM Info (A Must Read)
Penny Stock Market Makers Who Are the Players in this Game
By Bill Panetta
Let Me Start off by saying this: Level 2 Does not have the same
effect like it did 5 years ago except for OTCBB Stocks & Pink Sheet
Stocks. What Do I mean By This? NASDAQ is all chart plays, level
2 has no meaning as it once did for NASDAQ Stocks , too many games
can be played now on level 2. Simply put if you don't know how to
read the charts you will get killed on NASDAQ Stocks.
With all the changes on Level 2 Traders have been forced to learn
TA, You could had a made a killing with level 2 before 2001 with out
TA; I have witnesses that have proven this.
And when I make this comment I am talking about regular trading
hours, after hour's different story. Bottom Line Level 2 does not
have the same effect on NASDAQ Stocks that it did 5 years ago
because of the New Super Soes Trading System being implemented in
2001 and along with 1 cent spreads, it was the worst thing NASDAQ
ever did for traders IMO. The Traders from 5 yrs ago know what I am
talking about.
Let's talk about the 2 exchanges where Level 2 has not changed and
having level 2 is really important to your trading. I am talking
about The OTCBB & PINKSHEET Markets.
If you learn how to read into Level 2 on the OTCBB & PINK SHEETS it
will really enhance your trading. Let's break down the Market
Markets.
There are 2 categories of Market Makers let's talking about the
first one.
Retail Market Makers:
These are the market makers from very popular brokerage firms. They
handle a lot of the order flow for small retail investors.
NITE:
SCHB: Schwab
TDCM: TD Water House
SBSH: Smith Barney
MLCO: Merrill Lynch
GRVC: ETRADE
This is the list that you really have master because these are the
MARKET MAKERS that handle promotions, insider transactions also S-8
and CD Transaction.
CD: means Convertible Debentures they are loans the come due and get
sold into the market by the loaning company.
There are lot market makers in this category so I will break it down
to who are the most important: These are some of the more active
MARKET MARKET MAKERS on the street:
FANC: major S- 8 player: if there is an S- 8 on a Stock most likely
he will be there on the ask until it dries up
HDSN: major CD Seller Handles a lot CD transactions. formerly was
WIEN.
Now, if you don't think that HDSN has been the one selling for the last two weeks(not to mention the last four months) then you must not have RT-L2 quotes.
AI
Market Data 
Markets 
