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sl62

04/08/10 8:55 PM

#24429 RE: CurtisB #24416

Out of posts for today after this one..but Curtis, your questions are deep my friend at this particular timing. Too deep and extensive for this hungry poster at the moment but I didn't want to ignore your question. I'd love to answer you more thoroughly but hunger calls and it's time to turn the brain down to simmer for the evening. Best I can tell you for now (or anyone just beginning), is just keep watching and learning. It takes time, so don't put too much pressure on yourself to learn too fast. One day at a time my man and much will all come together for you in time. gl
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ryall12

04/08/10 9:10 PM

#24430 RE: CurtisB #24416

curtis mms are market makers, they control all buys and sells. that is the simple answer.
what that means is, as people have noted, if the bid/ask is say .0029/.003 and you put in an order at .0031, sometimes even .003, but they want price down they fill at .0029.

maybe i should back up. when you buy shares you buy the mm's shares. you never buy from another shareholder. every transaction has an mm on one side of it. even i want to sell 100k shares at .003 and you want to buy 100k at .003 i need to sell to the mm who then sells to you.

now also remember mms want to make money. since they must always be involved, and sometimes do not have the shares to sell, they short. to make money they need the price to move.
it has also been hinted that many mms know when news wil hit and sometimes what it is before it happens. they also have a lot more funds than us.
sp how they 'steal' is by preying on our fears and the unknown. if a company, like owvi, is as solid as it is but pps goes down people fear. they prey on that and lower pps more. then they buy shares.
then news hits. people say 'wow this is a great thing' and they buy. pps goes up. mms sell what they need to to move price. then they profit on shares they bought on the fear. then they short it selling you more at even higher prices.
then buying subsides. complacency returns, they push price down, and fear returns as well.

it is also said it is a waiting game. you have limited funds and want a return. otherwise you want to use your money elsewhere. they have basically unlimited funds and time. plus they make money on every up and down tick. its a game to them. they can wait you out. and wait, and wait, and wait to the point we have a triple cross yet pps goes up .0001
oh and intra day it went down. plus the amount it went down the past 2 days. guess who bought all those shares when people sold?

mms also control when and how many they buy. so do you, you say? no. you put in and order to buy at .003 when b/a is .0033/.0034
pps drops suddenly and quickly. you say wow i can get it for less maybe. maybe, if you can cancel that order quick enough before it drops to .0027
mms on the other hand can just not fill their own order. they dont hand over the money or shares. they can stack a bid putting up millions on the bid side at .003 and when pps gets down there suddenly drop out to .0025 and put those shares on the ask. more fear. you cant do that.

so its a game. keep learning the charts. trust what you know. ignore the games. dont be the one they steal from. either trade with the mms, though that can limit gains as they trade much higher volume per tick than you can, or ignore them and trust the technicals.


hope that gives some answers. i normally take more time to formulate responses in a clearer manner but its late and im tired :)
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brokedaddy

04/08/10 10:53 PM

#24440 RE: CurtisB #24416

Curtis I think you need to be congradulated for finding OWVI. I remember when I first started this game always felt I never got the winner, always got in to late. The fact that you found OWVI and us here says alot. You are already one of the lucky ones. OWVI has a huge upside and the chart as you've heard is a rare picture. You are in good hands and knowleageable hands here. You are among teachers and students all in it to win it. GO OWVI, LONG AND STRONG!