They will. Its only 9:42. Wait till 10amQuote:
Originally Posted by billhart22
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They will. Its only 9:42. Wait till 10amQuote:
Originally Posted by billhart22
Bill,
I hope this isnt too much of a task, but if you have a second can you explain to me what/who a market maker is and what their role is? How do they effect our SP and how do you know who they are on level II? If you are busy im sure i can find it online somewhere. Thanks for any insight you can offer. -Dan
What Does Market Maker Mean?Quote:
Originally Posted by thetree
A broker-dealer firm that accepts the risk of holding a certain number of shares of a particular security in order to facilitate trading in that security. Each market maker competes for customer order flow by displaying buy and sell quotations for a guaranteed number of shares. Once an order is received, the market maker immediately sells from its own inventory or seeks an offsetting order. This process takes place in mere seconds.
Investopedia explains Market Maker
The Nasdaq is the prime example of an operation of market makers. There are more than 500 member firms that act as Nasdaq market makers, keeping the financial markets running efficiently because they are willing to quote both bid and offer prices for an asset.
Bill, where's our volume on MGLG?
I hope its not too much to ask, but could you step in and purchase 100million shares or so to get this run going?
Skivail--Quote:
Originally Posted by Skivail
It was I who went to North Myrtle Beach this week. Our family owns a couple places in Cherry Grove (the northern tip of North Myrtle Beach). We go down there multiple times a year, my retired parents live there 4-5 months out of the year.
Allegiant Air (ALGT) now has direct air from my town to Myrtle Beach for insanely low prices. It's like having a private jet. 50 minute flight now, compared to a 9 hour drive for $50 per person each way? I'll take it. :D
It is one of my favorite places on Earth.
Bill--
Appreciate the info via PM. I'll make a few trades today and fill you all in later on.
LOL, spank the ask! That is the quickest way to drive the price up. Volume shouldl be later today. I don't believe everybody has caught on yet.Quote:
Originally Posted by ShotsII
109 million, it is growing fasterQuote:
Originally Posted by ShotsII
It seems SSCCQ has become a good stock for flipping. Just keeps going between .17 and .21 Nice 20%-25% profit per flip for the right risk taker there.
SSCCQ has been pretty up and down lately. Frankly, if the stock didn't have a Q on the end of it I would have kept it. If they re-issue .V stock then the Q stock is worthless. It's better to be safe than sorry. No more Q's for me.
MGLG was held down by NITE right out of the gate...something will shake a little later today. Everybody is hanging on to shares and others are trying to buy cheap as possible.
What are your thoughts?
My thoughts are just for flipping. You're right about it being too risky to hold.Quote:
Originally Posted by billhart22
BCLE's President sent me another email this morning :)
Here it is:
There is a lot going on with this company that we simply cannot disclose right now. We will keep everyone posted as we go along.
James E. Shipley
James E. Shipley, President
Bio-Clean International, Inc.
5412 Bolsa Ave.
Suite D
Huntington Beach, CA 92649
Telephone (714) 373-1990
Fax (714) 373-1991
Mobile (714) 814-7146
e-mail - jim@biocleaninternational.com
What a coincidence.Quote:
Originally Posted by billhart22
I just got the same email from mel karmizan!! .......
no not really...
This is exciting though.
MAN!Quote:
Originally Posted by billhart22
I really wish MGLG would jump so I could sell some shares and buy back into BCLE.
LMAO! That is funny!Quote:
Originally Posted by thetree
do you think bcle will go up more again? if i buy now, how much do i set the buying price at?
ahhh i g2g back to work in 10mins, think i should buy 400$ of bcle?
does any1 have voice chat to help me thru the trade
Thanks
Sean
.03 Sean, it is a long. In other words we are buying into it now so when it goes up we will make a big profit. All stocks are a speculation, but we believe in this company. MGLG is the same. We just believe that they are two good stocks. Today, MGLG isn't trading much because everybody is hanging on to shares waiting for the well production results. Yesterday they sold tons of stock at .0015. Today there isn't any volume, because people are just hanging and waiting.Quote:
Originally Posted by Sean
If you are looking for a quick pop from BCLE, you could be disappointed by just getting into stocks and nothing happens big for a while. In other words, you will not get rich tomorrow. MGLG is a way better bet, but as a disclaimer do your own diligence (research). I don't want you hating or blaming me because a stock doesn't come out right.
I believe in MGLG and BCLE at this point and am invested in both. :)
Everybody is just holding shares. If it gets down to .0015 I expect to see some buying, then it can take off a bit. Those are just my thoughts with MGLG now. BCLE is sounding pretty darn good.Quote:
Originally Posted by ShotsII
grrr g2g bak to work, i tryed but it said not permissioned :/ i'm late thx tho
Morning all,
SSCCQ: I cashed out around .21 a while back. That did me very well. I was getting a little antsy about holding it much longer . . . . because as Bill says, the Q is that mark of death. 98% of the time, it dies. Very risky. You could make a nice little chunk of money but it has its risks! and if it is not killed (that other 2% of the time) you will do very, very well! :eek:
MGLG: This is about what I expected this morning. A little bump and then the trudge through the mud. I expect this to close after a little spike later in the day at .0020 or .0021. I like that the stock has simmered down and begun its slow but steady rise. All the information that is coming out is very positive. I am surprised how many people keep trying to turn the positives into negatives. The flippers are running out of room and this gives the MMs more reason to head our stock North. :sunny:
BEHL: Very low volume . . . stock will slow . . . but I see good things, nothing but positive direction for the company and lots of Public Relations going on. IF they nail a contract . . this will continue easily to the pennies. I Think a lot of people are wanting to hold on tight for now. We just need to get more buyers. :)
BCLE: Although I really like the concept of the company. Their stock is bipolar and I never understand why it goes up or down! :cool:
Thetree on the question about MMs....
Since trading is like gambling
If you think of your broker as the house . . . taking their VIG each time you make a trade. (their fee)
Now how does a trade work. Well, when you sell x number of shares, you hit a button and "Blip" they are gone. But what is the chances that some else is buying x number of shares for the same price at the same moment? Very low.
This is where MMs come in. you can think of them like a bookie. They have a stash of shares that they can move. They, like a bookie, must determine which way the shares are going .... up or down. So they have purchased xyz shares at 5.00 and will sell them to you at 5.01. They will purchase more shares at 5.01 from someone else and sell them for 5.02. (making .01 profit on each share.) If the market becomes too volatile then you will see the bid/ask price form a larger gap. This protects the MMs from loosing in case the market makes a wild swing.
When you make a trade you are not trading with another person but the MM. They are the gateway and clearing house for the shares. If one MM has overly loaded up at a bad price this can slow the trading down and keep the PPS from changing the way we want. (Some people not happy with NITE concerning MGLG) They are not going to take a loss to move shares . . . soo we have to wait until people drain them of their inventory.
MMs are a business and like any business, inventory management is key.
I hope that helps...