Replies to post #17333 on NSS ~ Counterfeiting Stock ~ MM Games Played

[fourkids_9pets]

my suggestion is to contact Finra directly and ask for their input re: this topic

imo it's worth the time and effort .. i did so many times .. back in 2009 and 2010
which is when i learned that T trades do bypass being marked re: daily reg sho specific to the OTC
which is why i do show both versions of %s .. when i document daily reg sho (when t trades are utilized)

again my caveat is .. daily reg sho %s by themselves mean nothing .. it's when combined over weeks/months
and yep >> years >> that their patterns *imo* become crystal clear

always telling to see what happens when an OTC stock *outlasts* >> *colluding entities' efforts* when their interest re: the cycle of money transitions to the KILL order (i.e. cellar boxed)

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DEFINITION of 'Form T'
A form that FINRA requires brokers to use for reporting equity trades executed outside of normal market hours. Form T trades occur during extended hours - before the market opens and after it closes. The objective of the Form T reports is to maintain market transparency and integrity.

INVESTOPEDIA EXPLAINS 'Form T'
Trading in extended hours enables investors to react quickly to events that typically occur outside regular market hours, such as earnings reports. However, liquidity may be constrained during such Form T trading, resulting in wide bid-ask spreads. Form T trading is especially suited for overseas investors, since they may conduct the bulk of their U.S. trading when their markets are open but U.S. markets are closed.

Read more: http://www.investopedia.com/terms/f/formt.asp#ixzz3dywoXW3K
Follow us: @Investopedia on Twitter


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Incredible Penny Stocks: What is a Form T-Trade?
There is much confusion and rumor regarding “T Trades” in the penny stock market. Nasdaq Pink Sheet stocks often close at a certain price and, within 3-10 minutes after the closing bell, will show a large final trade that gets labeled as an “after hours” trade. Simply put, this is an inaccurate description of that trade.

To understand how this trade works, one must understand the role of the market maker. The most frustrating aspect of investing in the pennies, is market maker manipulation of the stock price. Anyone that claims this manipulation doesn’t happen truly does not understand the OTC Market. Market makers are in place to “control” the price of a stock and, theoretically, to ensure that the market reacts properly to supply and demand for a certain stock. Unfortunately, when large sums of money and a lack of regulation are involved, more often than not, there is manipulation that suits the needs of certain investors or the market makers themselves. After all, they are in business to make money as well. If the average investor is purchasing stocks in the OTC Market, that investor is truly at the mercy of the market makers involved in the purchase and sale of that security.

When researching this article, The response from the SEC defined a “Form T Trade” a “trade reporting form used by broker-dealer members of the Financial Industry Regulatory Authority, Inc. (FINRA) to report equity trades executed either in the OTC market or during extended hours trading. Recent amendments to FINRA rules will expand the types of situations in which Form T is to be used, but they are not yet in effect.” The response also recommended contacting FINRA. Notice the first portion of the response. “either in the OTC Market or…” Once again, it is confirmed by the SEC that ”after hours” trades do not exist in the Pinks.

FINRA was much less transparent in their response and essentially spewed the same limited information regarding T Trades that is available on their website. None of which, accurately reflects why these trades occur in the OTC Markets. (http://www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p123750.pdf)

Trying to decipher the meaning of these trades with the limited information that is available on the subject led down several dark paths. Clearly, the average investor is not meant to understand the concept or its rules. Even more disconcerting is the second part of the SEC message “Recent amendments to FINRA rules will expand the types of situations in which Form T is to be used, but they are not yet in effect.” That means there is even less transparency about this mysterious T Trade.

After months of due diligence, there are a few poorly publicized uses for a T Trade. The most important factor here is that the only requirement of market makers by FINRA is that they must report all trades in a day. They are not required to do so when the actual trade occurs.

To avoid creating “an unbalanced market”, market makers often do not report certain trades during the day to the public and then use a T Trade not to “scare” investors into thinking a market for that stock is going in one direction or the other at the spurring of one large investor.

If a market maker wants to accumulate a large amount of a stock in one trading day, that market maker may actually not report any of the trades that occurred until the trading day has ended so as not to alert the market to the collection. This practice is completely legal under the FINRA rules of the OTC Markets so long as the trade is reported at the end of the day.

To execute a Market on Close” order, a market maker may have an order to purchase the stock at a certain price at the end of the trading day. This is the most unlikely scenario because it needs to be assured that someone selling the stock and someone buying that stock are agreeing upon a price. Simply put, this is more likely with insider buying and selling.

The T Trade that the public sees is nothing more than one or all of the above scenarios. The T Trade reported at the end of the day can be from one market maker or many involved market makers. It can be a single purchase price but is usually an average of all of the previously unreported purchases from that business day.

Penny stocks are an exciting and lucrative business. As most everyone will tell you, it is not for the weak of heart. There is definite money to be made in the OTC Markets and more penny stock millionaires are made every day. But the best way to win the game is to know the rules!

One additional fact surfaced about market makers while researching T Trades. Did you know that market makers are not required to honor their offer price? That is correct, because the OTC market is essentially a “best offer” market. If a buyer meets the asking price for a security, the market maker can, and often does, decide to rescind the offer, not sell the security and adjust the selling price.

Happy Trading.


https://incrediblepennystocks.wordpress.com/2013/06/25/incredible-penny-stocks-what-is-a-form-t-trade/

4kids
all jmo

[fourkids_9pets]

here's an example of what i posted to you previously ..
specific to t trades *bypassing* daily reg sho %s

btw imo MSRT was mostly *wash traded* today ..
with duplicated trades (done to dilute daily reg sho %s clearly visible)

which is >> from my experience documenting *trading* on the OTC
pretty much SOP (standard operating procedure) with those *tasked* to make a market (vomit)
whose *services* are always >> for *sale* >> doing what they do best .. manipulating for their procurer


[20150624|MSRT|2225|0|12390|O 17.95% **
1300 T trade bypasses reg sho = 25.74% ***

actual volume today on MSRT is 13,690
which is noted by Fido's (Fidelity's detailed quote below) and confirmed via QuoteMedia's *historical*

06/24/15	1.31	1.32	1.31	1.31	13,690

http://www.quotemedia.com/finance/quote/?qm_page=74121&qm_symbol=MSRT

imo the usual *colluding entities* have to be particularly careful on MSRT
which triggered threshold/reg sho .. shortly after MassRoots came public in April
first round re: threshold ran 23 days

reason being is *FLOAT* is minuscule .. and TA is ungagged so it can be checked regularly
which seems to elude the short and distort *side* .. doing their best to *generate* noise ..

MSRT >> trades >> 6.24.15

 $1.30	1,300   OTO	16:03:09 (t trade bypasses)  
  
 $1.31	70   	OTO	15:56:15  
 $1.31	70   	OTO	15:43:41 * Fido's quote doesn't acknowledge sub 100 shares (they do show via Fido's volume total tho') 
 $1.31	800   	OTO	15:38:15 
 $1.31	100   	OTO	15:38:09 
 $1.31	200   	OTO	15:38:06 
 $1.31	1,100   OTO	15:38:00 
  
 $1.32	200   	OTO	15:29:15 
 $1.32	100   	OTO	15:28:33 
 $1.32	400   	OTO	15:27:22 
 $1.32	100   	OTO	15:27:10 
 $1.32	3,370   OTO	15:26:23 
 $1.32	100   	OTO	15:26:09 
 $1.32	400   	OTO	15:25:12 
 $1.32	100   	OTO	15:25:02 
 $1.32	200   	OTO	15:24:12 
 $1.32	100   	OTO	15:23:28 
 $1.32	1,000   OTO	14:23:07 
 $1.32	30   	OTO	14:01:15 
 $1.32	125   	OTO	13:58:17 
 $1.32	100   	OTO	12:56:28 
 $1.32	1,300   OTO	12:54:47 
 $1.32	1,000   OTO	12:30:40 
 $1.32	100   	OTO	12:15:59 
 $1.32	1,000   OTO	12:07:50 
  
 $1.31	100   	OTO	11:06:19 
  
 $1.32	60     	OTO	10:44:18 
 $1.32	65     	OTO	10:20:47 
  
 $1.31	100   	OTO	09:56:58

Detailed Quote:MSRT
MASSROOTS INC
1.31Up 0.00 (0.00 %)AS OF 3:38:15PM ET 06/24/2015

 Last Trade	1.31 
 Trade Time	3:38:15pm ET 
  
 Change	0.00 
 % Change	0.00% 
  
 Open	        1.31 
 Day High	1.32 
 Day Low	1.31 
 Previous Close 
 06/23/2015	1.31 
 52-Week High 
 04/20/2015	7.01 
 52-Week Low 
 04/09/2015	1.02 
  
 Price Performance (Last 52 Weeks) 
 --	--% 
  
 Volume	13,690 
 Volume (10 day Average)	15,117 
 Volume (90 day Average)	0 
 

FD (full disclosure) .. originally purchased MSRT mere days after they came public @ 1.15/1.16 and then sold
that round in total except for 100 shares .. @ $6.50 on 4.20.15 .. the day >> MSRT's bid/ask *was orchestrated*
b4 open and *YTD high of 7.01* was achieved in 3 minutes after market open .. ;)

i kid you not >> part of 4.20.15's *tape of trades* re: MSRT

 $7.01	1,000 OTO 10:22:18  
  
 ========== (break in tape for time purposes) =============== 
  
 $7.01	2,873 OTO 09:37:02  
 $7.01	1,000 OTO 09:36:58  
  
 ========== (break in trades for time purposes) ============== 
  
 $3.63	5,000 OTO 09:35:09  
  
 ========== (break in trades for time purposes) ==============

 $5.60	100 OTO	09:33:19  
  
 $7.01	500 OTO	09:33:15  
 $7.01	100 OTO	09:33:05  
  
 $6.90	200 OTO	09:33:00  
  
 $5.75	100 OTO	09:33:00  
  
 $6.90	200 OTO	09:32:53  
  
 $5.75	200 OTO	09:32:52  
  
 $6.90	100 OTO	09:32:47  
  
 $5.75	200 OTO	09:32:43  
  
 $6.99	100 OTO	09:32:41  
  
 $7.00	1,000 OTO 09:32:32  
  
 $6.00	1,000 OTO 09:32:30  
  
 $6.99	100 OTO	09:32:27  
  
 $6.50	100 OTO	09:32:22  
  
 $6.98	100 OTO	09:32:19  
  
 $6.50	100 OTO	09:32:15  
  
 $6.90	100 OTO	09:32:13  
  
 $6.50	500 OTO	09:32:12  
  
 $6.59	200 OTO	09:32:09  
  
 $6.93	100 OTO	09:32:08  
  
 $6.91	100 OTO	09:32:03  
  
 $6.76	400 OTO	09:32:02  
  
 $6.75	400 OTO	09:31:59  
 $6.75	100 OTO	09:31:59  
 $6.75	200 OTO	09:31:59  
 $6.75	100 OTO	09:31:59  
 $6.75	200 OTO	09:31:59  
  
 $1.60	500 OTO	09:30:06  
 $1.60	121 OTO	09:30:06  
  
 $3.45	3,367 OTO 09:27:48  t trades  
 $2.95	2,000 OTO 09:26:48  
 $2.40	1,000 OTO 09:26:30  
 $2.00	1,000 OTO 09:25:47  
 $1.90	2,500 OTO 09:12:50 

re-bought another batch of MSRT @ 1.22 .. and most likely will be adding again within the next Q
i have no issues buying a stock (up or down) provided my caveats continue to be met by mgmt
so far so good :)

btw .. the handoff of that orchestrated *volume* was beyond sloppy .. for 2 reasons .. first because MSRT's
FLOAT @ the time was sub 4M shares .. and the 2nd that correlates to the sub 4M FLOAT .. was they
triggered threshold >> which took 23 days to *vacate*

realize when it comes to triggering threshold .. they have 5 days to camouflage ..

so colluders *shorted* on 4.20.15 @ approx 6.50 .. 3.50 .. 1.50 and for the last month or so ..
they have been stuck *in the same (approx) trading range* (1.20 - 1.40)

crews call it churning .. i call it stalling and volume avgs reveal little success re: their *stall* .. imo of course

best of luck with your stocks

4kids
all jmo