GWGO?

[rv]

I've looked everywhere this morning for something either, confirming or disputing, the take over bid.  i still only understand, that they have said they haven't heard that.  so, can we assume the only reason for the run up, is speculation of that news, and a bit of news of those 3 acquisitions?  any thoughts? 

[rv]

so, i've been watching the Level II and trying to figure that out, on an active stock, and obviously the MM ARCA has a big influence on a stock, but, what determines the movement if that MM is at the top of both the bid and the ask, w/ huge blocks listed?  seems to be a conflict of interest, yes?

[basonista]

I'm curious about this market maker activity also.  ARCA was pushing the price up at the bid and then they turn around and start pushing it down from the ASK effectively squashing the upward move.  Are they trying to close the gap and pick up cheaper shares on the way?  Are they trying to liquidate some of their position?  The latter doesn't make sense because if they are just trying to unload some shares, then they should let the price run and sell the strength.  If the prior is correct, then once the gap is closed it should move again.  Any thoughts?

[Wax]

Either way ARCA having the spread locked makes money for them. People buy and people sell. If it starts going negative the price will get pushed up or down by him. On hyped stocks like this intraday is only good for adding on dips. USXP and GWGO are prime examples. Odds are both will be unleashed to run on there own around 3PM as usual. Rest of the day is to take nervous traders money ;-)

[rv]

well, i've heard a coupla places that ARCA does that to keep things in check, and i'm sure it's to keep the stock price moderated to some extent, but why is it ARCA that does it?  Which MM is it and why is it that they do it???

[basonista]

Well, of course we would all prefer that they just let them run.   But if they want to wait until the end of the day, that's fine with me. 

[Wax]

ARCA  ,C  ,ARCHIPELAGO, L.L.C.  ,CHICAGO, IL  ,312-960-1696
ARCA  ,C  ,ARCHIPELAGO, L.L.C.  ,TRADING  ,312-960-1318

Feel free to call    Anyways when I see ARCA on bid with a huge block I add.. They create support and they create resistance. When you see them minipulating a stock you know it isn;t a pump and dump.

[basonista]

ARCA  ,C  ,ARCHIPELAGO, L.L.C.  ,CHICAGO, IL  ,312-960-1696
ARCA  ,C  ,ARCHIPELAGO, L.L.C.  ,TRADING  ,312-960-1318

Feel free to call    Anyways when I see ARCA on bid with a huge block I add.. They create support and they create resistance. When you see them minipulating a stock you know it isn;t a pump and dump.

In your opinion, does an MM like ARCA usually move a stock in one general direction such as going long or will they do the short side of it also?  Can they even short a stock at such a low price as GWGO?  I mean over a period of days or weeks, not on an intraday timeframe.

[Wax]

I think they go long and short. I believe the clipping of GWGO is to get cheap shares to cover the naked shorting that has plagued this stock for so long.

[basonista]

Wax, based on what you are seeing here with the ARCA action, the news out on acquisitions and all of this buyout speculation (which I believe is false) what do you think is going on here?  Are we looking at a real bull run in GWGO?  Or do you think this will be a short lived run until some numbers start coming out?

[Wax]

IMO it will be a gradual rise. I have been refining my OTC game hardcore. I have been buying dips like crazy. I will compound MUCH faster then someone just buying and holding. Look at what USXP did this morning. I added when it was down 20% I bet it closes at least +20%. That is ontop of everything else I am banking on. I guess it all depends on your trading style. I am single/no kids or much responsibilty so I am about as high risk as possible 

[rv]

well, w/ those thoughts, i'm wondering, currently there's an ARCA bid for 9999 @ .0020, and the ask is .0021, and according to ameritrade, there's consistent buying at that price...what is keeping the price at this point.  haven't seen hardly any sells at .0020?  just trying to understand what causes what...

[Wax]

MMs aren't letting this run. Unless you want to sink millions of $$$$$$'s to buy out ARCA you will have to play the game. Look at USXP history. MMs played the same game. They are essentially keeping this a multi day maybe multi week run opposed to a 500% one day pump and dump.

[higherstocks]

Big money going into this one they wont be able to hold it down much longer.  My quess this is going to run big time Monday.  Ive seen this kind of situation and then all of a sudden they push it up 400%.  Im in I will not give up my shares to the MMs.  This could turn out to be a USXP situation 1000+%  Good thing this is play money for me and I will just hold.

[Wax]

http://www.investorshub.com/boards/read_msg.asp?message_id=10003140

Very interesting read. I highly encourage people to follow the nicknames mentioned in the article on GWGO and many other stocks. Shorts are getting very very nervous. The names show up with many of the other big runners. Lets get people covering this week