I. Day traders can shake you up, but they are a necessary evil !
Don’t you just love the predators? I’m speaking of course of the pro-traders aka MM’s and two of their “tricks” reported to me in an interview held yesterday with a large MM in small caps. He confirmed that they have been visiting short term tactics on FLKI hence my interest – their considerable interest in the stock makes it all the more attractive to short term traders (which doesn’t count me) and speaks of a maturity in the stock that is orgasmic for intermediate and longer term investors.
II. The question presented was “How do you buy a strong steady riser like FLKI on the “cheap”, an essential process for the day or short term trader, this is how they do it as witnessed from some incoherent behavior in FLKI who nevertheless continues its steady rise and maintains its STRONG BUY rating with analyst, as your DD will confirm.
III. The intra-day dump.
(i) Following a buy of at least 10000 shares at the offer, dump 5-10 000 shares on the bid(s) once or twice a day, then immediately take the highest bid making sure your bid shows ie 5000 shares or more and wait for the panic in unknowing or novice traders, they’ll dump like crazy the usually small positions they have and you pick up 20 000 or more shares at a 25-30% discount from the offer. Once the dump is over quickly cancel your bid even if unfilled and put in your sell order just above the lowest offer – keep the offer just above the lowest offer and take your sales as they come – never take the lowest offer since success lies in the upticks.
IV. The closing dump – the ultimate greed.
(ii) An MM has 90 seconds to fill, so to close a stock on its low is a sure fire way to panic unknowing or novice traders. To close on a dump is certain to provide an entire overnight period for the panic to fester and grow ! These traders will dump on the bid (like yesterday for FLKI) less than 90 seconds before the close. As an example, yesterday a 5000 share dump on the bid occurred 58 seconds before the close ! Investor purchases cannot be filled within the remaining period so that the stock closes at a low panicking their target unknowing or novice traders. Before the opening they put a bid in at 1 cent below the lowest offer at closing the prior day and sweep the panic sales the following morning. Hence the pattern of opening low and closing high, save for this exception.
V. The pattern fits and will increase the attractiveness of the stock for traders.
Seems to me simple enough and it certainly explains FLKI’s trading pattern, and the fact that FLKI seemingly always opens low and closes high.
FLKI has more than 4200 shareholders with no controlling block and that number is rising, thus the majorities are investors not traders. The sudden interest of professional traders (MM’s) means that FLKI will now be more volatile and therefore attractive to a new family of short term traders never before interested. There is room for all, FLKI’s fundamentals are excellent, its business real, its product lines globally known, and its stock is perfect for investors like me, and now even for the aggressive short term traders many of whom are on this board ! |
