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johnbbad

02/19/21 3:26 AM

#52707 RE: Stockerchick123 #52706

Stockerchick...there was no after hours trade. Closing price is .201. Not sure where you are looking...

johnbbad

02/19/21 3:39 AM

#52708 RE: Stockerchick123 #52706

Stockerchick...ok I see those trades are showing up on Ihub trades. They aren't showing on level II. I think they are trades entered from another time that the mm's are just catching up on that they didn't enter in when they actually took place. I think they are called Form T trades.

They are always a mystery....but normally don't reflect current price.

IronPantz

02/19/21 11:34 PM

#52712 RE: Stockerchick123 #52706

MM's OTC very common for them to put the bid very low and ask very high. There is no after hours trading on OTC so I'm not sure why they do this. Maybe they will catch a noob placing a order after hours using those prices and then in the morning they can scam a quick buck.

threebabiesbusy

02/20/21 8:14 PM

#52713 RE: Stockerchick123 #52706

Do you recall if the execution indicated Form T?

Here's a bit on Form T's...I hope this helps....at least somewhat.

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.

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.