Replies to post #31251 on Total Sports Media Inc. (fka TSMI)

[PhantomRecce]

A T-Trade is an after hours accounting of trades that were not shown during the day. That particular T-Trade showed up as a Purchase on both IHUB's L2 and Trades tools.

I believe it was WeedMaster who said he complained to his broker about this and was told it was the MMs hiding some of their ( or their client's) purchases at .0005 in order to keep the price suppressed through the day, while they continued to buy the shares at an overly cheap rate... compared to what would have happened had the rest of the investor community seen the massive buying that was going on throughout the day.

How that can be legal, I have no idea. It sucks for sure!

And, looking at L2 today... I have to wonder if this isn't going on again today. For example, who is selling all these shares today at .0005? And, why would the MMs take all those sell orders without a counterbalancing set of purchase orders? They can't make any money unless they are able to sell those shares. They aren't going to buy them unless they think there will be a market for them.

[Entangled Proton]

On regular platforms a T trade is just a T trade, mostly "out of sequence". But on a pro platform every trade has an identifier most often referred to as "full annotation". If a company is diluting it will place an average (ave) order with both an upper and lower limit. That order will automatically close out @4:00:01 thereby appearing as a T trade on regular platforms. If the last buy was an ask slap, the total trade will appear as a buy. If the last buy was at the bid then it will appear as a sell.

Most T trades are simply "out of sequence" but a person has to have full annotation in order to know for sure. "ave" trades will almost always show with 6 decimals. Everyone should be able to see 6 decimals by Jan 15.