Replies to post #16783 on Hannover House Inc (HHSE)

[caltrader]

Hi Rain,

Here is an interesting post from craig baker about moving up the bid support and ask. Now this is a play that is fairly locked up but I agree we could trade this better and provide bid support in case the MMs want to walk it down.


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You guys need to remember that MM'S watch level 3 (which shows the size of the orders), we can't see that information on level 2, so when I say bid support on the stock, YES, it needs to be over a 5,000 share block to show up on level 2 that it's there but also, show the market makers that you won't be able to sell these little share blocks on the bid to walk this stock down........

IF two people put in say 100,000 share orders, one through etmm and NITE then they will not be able to sell 5,000 shares on the bid and move it down......... They know how many shares are there so they don't hit it. They know it's hopeless to even attempt to take it down because that's 200k shares they will be even shorter by attempting to take it down.............

EXAMPLE: Friday's action.........

There was a point when the bid was .235 x .245 ok........... I came in and filled bid support in at .24... now it's .24 x .245....... I hit the ask for 5,000 shares and they upticked to .25.......... So I then moved my 40k share buy order to .245........ I filled in that bid support with a 40k share buy...... NOT ONE TIME DID I GET HIT ON THE BID FROM .24 ALL THE WAY BACK TO .275.............. IF it was a small block that was placed up for buy with me on the bid, they would fill them instead of me............. And it only took minimal pressure on the ask to uptick the market makers to the next level....................

that's why they call these plays a squeeze play. YOU ARE SQUEEZING THEM ON THE BID AND THE ASK SIDE ALL THE WAY UP THE TREE............. They will not be able to take the stock down with large bid support and they will uptick quickly by being hit on the ask because the shares they have for sale doesn't exist anyhow so they don't want to take the hit....... That's why 1,150 share buy order upticked 2 market makers at the same time............LMAO.................. That's how we win this war..... Simple as that...............

[kairos]

i agree bid sitting is the way to go when the action is like this. nice to see the volume has doubled the last 5 trading sessions. chart still looks sweet ...

[lookingood]

Rain not sure where you are getting the last hour buy sell data..100K buys vs more sales....my order for a buy of 510,000k shares was placed around 3:15 and filled around 3:30 ish so something isn't showing up correctly. That said I have made a few large buys early last wk in the am.