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Re: Sportsjunkie post# 10955

Wednesday, 11/12/2003 8:17:19 AM

Wednesday, November 12, 2003 8:17:19 AM

Post# of 21187
babycakes-i will take some time tonight
and address the subject..
it is not an easy answer ..let's see if my mind
can come up with anything right now..

understanding level 2..
first you have to realise that nite makes up over 60 percent of all orders filled on the otc..
than you have to know schb runs second...
than on the stock you have to pick up which party is doing the
raising of the funds..you have a convertible company that is there strictly to sell and where ever there is a convertible you have a company who was hired to push the stock and support the stock...

now the use of TRAC and DATA are very strategic moves on the bid that once was considered pawns by NITE and certain paid promoters before mytrack made this affordable to everyone..
for the most part when you see them and nite on the offer of a non moving stock,it simply is NITE toying with it..

GVRC-identifying this mm is tricky on stocks because he plays an interesting role lately...you must know the history and or find out real quickly from others because this mm i have noticed looks to be a black hole..in saying that he looks to be a heavy weight that some are using now to short...
this mm usually is one now that is there at the top of the run..

BAMM-this is a very positive sign to a stock,he however does not have the power of a nite,but does show that the stock is being pushed and you have to be patient to make sure others join..good signal is if mm's like TDCM,VNDM,QUIN follow him

WMIN,UCAP,ACAP,DOMS,AGIS,VFIN-THIS IS WHERE THE BIG AMOUNT OF SHARES TO HIT YOU ARE...

HILL,FRAN,CRWN,WIEN- these are the second tier of mm's,but before mytracks ECN,they were pawns used by NITE to either show strength or weakness to a stock..
HILL AND CRWN usually go together a lot..they can start a run
but cant afford to take a bit hit of volume either way without
help from schb or nite..

THERE IS NO SUBSTITE FOR HAVING A HISTORY ON A STOCK...
when you already know who does what on a stock and its
history you have half the battle won..the hard part is diversity in the market,in understanding level 2 and seeing each mm's responsibility on a given day takes away from other stocks you may be interested in..
but if you are going to be a walk down player than it is essential to know who pushed the stock up,who was trying to block the move,where each individual day of the run closed and it where it gapped up to so you can find your marking points to look for on the walkdown...

BROKERAGE FIRM THAT FILLS WHEN YOU NEED IT FILLED...
this can not be understated that in the market of misunderstanding you need a firm that allows you options
to pick up shares in the last minute before an uptick..
when there are several mm's on the ask you can be wrong or tricked,but you lessen your odds as a stock lightens and you can still get a fill on your stock..
you cant replace history of knowing how long a nite or schb or others take to fill on say a moving FNIX on news...
but with an online service that gives you an option to use others options in case one does not fill is an alternative..
this is why i use MYTRACK..

GUT FEELING-unfortuantely after everything you read and learn if you dont get an instinct to what it all means and a feel for the stocks,it wont help..concentrate and learn the signals of who is telling you on the stock it is moving..

if you are going to trade for a living,remember each stock you trade and why you bought,where and who led it,it all comes back in a circle and you will trade it again and the beauty of the otc,probably back to the same prices over time that you did last time..





[chart]www.profile.ak.facebook.com/v229/1511/20/n1271503258_594.jpg[chart]
Disclaimer-i buy stocks on the advice of my lucky eight ball,please seek the advice of your owns balls before buying anything ....

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