Thanks for the education!! Obviously you are well acquainted with the inner workings of the market and have a remarkable talent for passing your knowledge on to the rest of us. I'm extremely pleased to have you as our new moderator. Thanks again from all of us!!
Seabiscuit, Would it help to solve this problem if all Longs put "High Limit Sell Orders" ( .20 )on their EXPH shares? We did this a month or so back and it seemed to cause a shorts- short. I have my shares @ .20 Limit Sell. Wing
that is a well thought out post covering some very basic tenets that imo ~ some have difficulty comprehending .. after all NSS comes about ~ due to shares *borrowed* yet never *returned* <ie ftd's> .. and as you correctly surmised ~ EXPH doesn't and has never had ~ an issue of toxicity where their shares are concerned
the irony to me is the toxicity that has been created comes from those who have *never* made a market in EXPH .. rather have manipulated expo's stock .. from the git go
which is why ~ when the comment is made *they* <and let's be clear .. there can be no doubt in exph's case as to who calls the shots in the *mm* dept on the otc/bb ... it's knight securities> *make a market* .. i just laugh since the only one guarding the hen house is whomever is utilizing *nite* as the fox
my issue is nite allows it knowingly .. and willfully
for the past 12 months where info is *readily* available to peruse and digest ~ what is really interesting is nite and vert do this *tango* for months alternating between the primary and secondary
with only two exceptions/deviations over the past 9 months ~
----
using just last month's *MM volume data* <august> there are 16 MM's who made a market or traded shares of exph the primary is NITE with 57.7% of all volume *traded* the secondary is VERT with 20.5% of all volume traded that is 78% done by the primary and secondary for august leaving the *remaining* 22% divided up between the remaining 14 MM's ~
now what was *entire* volume done on exph last month? ~ 544,667,556 shares
now compare that to the volume done on that *one* record setting day last tuesday ~
9/15/09 0.0306 0.0385 0.0112 .012 412,826,191
--- now looking back over the past 12 months .. where does the NSS *explode* and get beyond them .. that would be june ..
if one notices the info for may of 2009 there is only a difference between the 2 ~ of 2M ~ shares .. yet volume has increased exponentially over the previous *months/s* <for example ... in feb 09 .. only 39M~ traded> and once again .. the bulk of the volume comes from only 2 ~ they cover 58.5% of the month's total
May ~ Total Share Volume ~ 302,719,825 VERT The Vertical Trading Group 89,676,627 NITE Knight Equity Markets, L.P. 87,598,465
in june ~ etmm shows as the secondary and notice the *increase* ~ the primary and secondary now total 86.5% of the entire month's volume ~
June ~ Total Share Volume ~ 482,990,120 NITE Knight Equity Markets, L.P. 253,202,129 ETMM E*Trade Capital Markets Llc 164,811,639
by july ~ <CC held eom with 370M~ traded the *week* of the CC> nite <as the primary> now has 4X the volume of the secondary .. and their combined *volume* is 81.5%
July ~ Total Share Volume ~ 1,333,948,499 NITE Knight Equity Markets, L.P. 880,148,954 ETMM E*Trade Capital Markets Llc 205,232,265
lastly august ~ <most recent data available> *volume* has dropped dramatically from july
the primary and secondary <however> combine for a total of 77.5%
August ~ Total Share Volume ~ 544,667,556 NITE Knight Equity Markets, L.P. 312,777,613 VERT The Vertical Trading Group 110,446,315
--
so with nite aiding and abetting via *their efforts* or lack thereof to an NSS position in EXPH that is growing *larger* every week ~ i'm curious what some would have jd do ..
let's face it .. nite and palc in lockstep last monday .. tuesday and wednesday fought to prevent *a fair market* being made in EXPH .. the trigger for the run <which has obviously been *reset*> was without a doubt the .033/.034 level .. i posted about labs on the ask <in real time last week> and the *gyrations* nite and palc undertook to avoid that ~
so i wonder ~ what in the world would make *nite* change their stripes at this point in time ~ they've never made a market in EXPH .. at least not since i've been watching the tape .. there have always been legit trades .. matched or mirrored .. shorted and covered .. with shares being swapped or funneled to other MM's who could be *cajoled* into this toxic brew that is knight's *standard* MO ~
<like palc apparently has been this past *week* with their *ahem* less than 20M shares done> i'm still working on lfcm
a fair market made on exph would certainly be a nice change of pace for everyone involved .. except for whichever piece of work ~ has *utilized* the maestro and their minions
they are going to have to cough up $$$$$ over the coming weeks and months ~ cause some of us are not only loyal longs
but we will also be *forcing* this hand .. as we continue to *accumulate* counterfeit shares ~
it's nite's call .. but they no longer .. call the shots
I have to say that I found a post in the 250 some odd that was really worth reading.
Even though I have to disagree with you as to the out come.
There are other companies, heck some on the higher exchanges that have been fighting the NSS issue for years and never been able to get satisfaction but a new day is arising. A judge turned down a deal between BofA and the SEC told the SEC to prosecute.
So maybe there is hope that we will someday see a more even playing field in the market. Of course the OTCBB and Pinks will be the last to see the effect but at least there is some hope that rational people will prevail.