the first aspect one has to understand is it is non retail that reports to Finra
they are (for the most part) self regulating entities (fox/henhouse comes to mind) .. and it's why i like to point out the clearly *false* and bogus bs that gets *reported* by NR .. particularly when it's so egregious (that is why I took the time to show IPIX YTD *volume* running 10M~ *less* @ the EO August 2018 as compared to EO August 2017 and noted in early September that NR would have to address that *issue* and it was .. with a vengeance .. 33M~ for the first 9 months' total of 2018 vs 29M~ for September and October 2018) .. it is also why I did the post showing what NR reported re: the *legal* since CTIX/IPIX first began to trade and revealed *imo* NRs' comfort zone re: reporting *legal* (800k - 850k) and when NR showed *stress* (after cusip change out and mid summer 2018 see below) and when imo NR was working cycles of money (taking PPS up and down .. 2012/2013/2014)
having spent a good part of February 2009 on the phone with Finra (daily reg sho link went live) .. I learned among other things that any MM can be shown on Bid or Ask .. but only those MMs/ECNs who actually do the *activity* .. can report that volume to Finra for the month (MM Monthly is unique to the OTC) .. that is why for example on IPIX for the past few years .. there are really only 3 MMs that matter where showing .. (CDEL/ETRF/NITE) .. and odds are that is also why when one sees say VERT/VNDM/LAFC *blocking/showing* on either Bid or Ask for most of the month .. yet only does a fraction of the Monthly Volume Total .. odds are VERT/VNDM/LAFC is a decoy for one of the 3 noted above
watching the ask side .. i tend to note position 5 .. today was interesting in that a few times .. the usual for weeks on end of 23c .. was relo/d to 35c .. as i've noted numerous times .. no one does smoke and mirrors better than NR .. but rarely does the ask side *adjust* significantly when NR is controlling as *imo* they have been at every turn since pattern change out re: *volume* on 9.12.18 ..
one grab today .. IPIX ask
today was clearly a *volume* day for IPIX (this is usually when i post out the tape of trades and some today were fascinating size wise for those of us who sat on bid for days getting bypassed weeks' back with a size far smaller showing then)
but what i've been watching for for a few months now is seeing the volume avgs increase .. when NR did the *imo* handoff of late 2014 (run up) into 2015 (reset down) .. CTIX's volume avgs were on avg running in the 500k to 600k range (price point was a hell of a lot higher in 2015 than in 2018) .. so for example ..
here's the avgs for IPIX back in July when NR *reported* their record legal high of 1.5M~
and note the *liquidity range in relation to daily volume engendered*
Detailed Quote:IPIX
INNOVATION PHARMACEUTICALS INC
0.57Up 0.05 (9.62 %)AS OF 3:59:58PM ET 07/13/2018
Last Trade 0.57
Trade Time 3:59:58pm ET
Change 0.05
% Change 9.62%
Bid 0.55
Bid Size 1000
Ask 0.57
Ask Size 1000
Open 0.52
Day High 0.575 ** .055c *liquidity*
Day Low 0.52
Previous Close
07/12/2018 0.52
52-Week High
12/06/2017 1.17
52-Week Low
06/21/2018 0.325
Price Performance (Last 52 Weeks)
07/12/2018 -48.00%
Volume 188,605
Volume (10 day Average) 354,333
Volume (90 day Average) 222,768
last grab B/A .. on 7.13.18
and here's today's avgs .. and YOY -%
Detailed Quote:IPIX
INNOVATION PHARMACEUTICALS INC
0.133Up 0.001 (0.76 %)AS OF 3:59:44PM ET 11/28/2018
Last Trade 0.133
Trade Time 3:59:44pm ET
Change 0.001
% Change 0.76%
Bid 0.13
Bid Size 5000
Ask 0.14
Ask Size 5000
Open 0.1325
Day High 0.15 ** .0212c *liquidity*
Day Low 0.1288
Previous Close
11/27/2018 0.132
52-Week High
12/06/2017 1.17
52-Week Low
11/20/2018 0.1025
Price Performance (Last 52 Weeks)
11/27/2018 -82.22%
Volume 875,275
Volume (10 day Average) 550,118
Volume (90 day Average) 503,775
last grab B/A today ..
to me pattern change outs are always worth noting ..
i've maintained that usually NR only gets retail to sell by taking a stock high enough .. or so low emotions get played by relentless pps compression (usually in conjunction with multi/s repetitive FUD bombarding SMBs) .. imo NR took CTIX/IPIX too low which imo essentially drove out retail traders and the liquidity traders' provided .. making NRs' hole progressively more deep on less and less *volume* ..
that didn't leave NR with too many alternatives imo .. a need to create volume and a pps cycle to entice traders and build that volume base back up (cushion) for mgmt filings/updates .. but also try to keep the pps so tightly constrained as to not lose control to legitimate demand (vs the washed kind done by those who illegally manipulate OTC targets by rote) ... and to be clear imo NR has had leeway to take IPIX up if so inclined .. (they got zooey months' back when YOY -%s dipped into low 30s) .. it's now in the mid -80s and has been for a while .. with very little by way of pps *take up*
and while mgmt's clock continues to tick down .. and retail investors continue to pick off and add IPIX *shares* .. NR reports erroneous *daily volume* avgs when they *report* their legal short position .. makes me wonder if inverted let alone accurate .. my bet is it is not remotely accurate and my expectation has been that IPIX will trigger reg sho with mgmt's execution
4kids
they are (for the most part) self regulating entities (fox/henhouse comes to mind) .. and it's why i like to point out the clearly *false* and bogus bs that gets *reported* by NR .. particularly when it's so egregious (that is why I took the time to show IPIX YTD *volume* running 10M~ *less* @ the EO August 2018 as compared to EO August 2017 and noted in early September that NR would have to address that *issue* and it was .. with a vengeance .. 33M~ for the first 9 months' total of 2018 vs 29M~ for September and October 2018) .. it is also why I did the post showing what NR reported re: the *legal* since CTIX/IPIX first began to trade and revealed *imo* NRs' comfort zone re: reporting *legal* (800k - 850k) and when NR showed *stress* (after cusip change out and mid summer 2018 see below) and when imo NR was working cycles of money (taking PPS up and down .. 2012/2013/2014)
having spent a good part of February 2009 on the phone with Finra (daily reg sho link went live) .. I learned among other things that any MM can be shown on Bid or Ask .. but only those MMs/ECNs who actually do the *activity* .. can report that volume to Finra for the month (MM Monthly is unique to the OTC) .. that is why for example on IPIX for the past few years .. there are really only 3 MMs that matter where showing .. (CDEL/ETRF/NITE) .. and odds are that is also why when one sees say VERT/VNDM/LAFC *blocking/showing* on either Bid or Ask for most of the month .. yet only does a fraction of the Monthly Volume Total .. odds are VERT/VNDM/LAFC is a decoy for one of the 3 noted above
watching the ask side .. i tend to note position 5 .. today was interesting in that a few times .. the usual for weeks on end of 23c .. was relo/d to 35c .. as i've noted numerous times .. no one does smoke and mirrors better than NR .. but rarely does the ask side *adjust* significantly when NR is controlling as *imo* they have been at every turn since pattern change out re: *volume* on 9.12.18 ..
one grab today .. IPIX ask
NITE 0.1399 11,000 11:58
CDEL 0.1399 5,000 11:58
OTCX 0.14 6,500 11:40
VNDM 0.23 2,500 11/27
LAFC 0.35 2,500 11/19
today was clearly a *volume* day for IPIX (this is usually when i post out the tape of trades and some today were fascinating size wise for those of us who sat on bid for days getting bypassed weeks' back with a size far smaller showing then)
but what i've been watching for for a few months now is seeing the volume avgs increase .. when NR did the *imo* handoff of late 2014 (run up) into 2015 (reset down) .. CTIX's volume avgs were on avg running in the 500k to 600k range (price point was a hell of a lot higher in 2015 than in 2018) .. so for example ..
here's the avgs for IPIX back in July when NR *reported* their record legal high of 1.5M~
and note the *liquidity range in relation to daily volume engendered*
07/13/2018 Innovation Pharma IPIX 1,529,297 1,338,448 190,849 14.26 427,129 3.58
Detailed Quote:IPIX
INNOVATION PHARMACEUTICALS INC
0.57Up 0.05 (9.62 %)AS OF 3:59:58PM ET 07/13/2018
Last Trade 0.57
Trade Time 3:59:58pm ET
Change 0.05
% Change 9.62%
Bid 0.55
Bid Size 1000
Ask 0.57
Ask Size 1000
Open 0.52
Day High 0.575 ** .055c *liquidity*
Day Low 0.52
Previous Close
07/12/2018 0.52
52-Week High
12/06/2017 1.17
52-Week Low
06/21/2018 0.325
Price Performance (Last 52 Weeks)
07/12/2018 -48.00%
Volume 188,605
Volume (10 day Average) 354,333
Volume (90 day Average) 222,768
last grab B/A .. on 7.13.18
CDEL 0.56 1,925 15:58
NITE 0.55 3,318 15:56
VERT 0.54 1,000 15:40
ETRF 0.53 4,000 15:34
OTCX 0.5016 2,500 15:40
CSTI 0.5016 2,500 13:43
LAFC 0.3975 2,500 10:25
STXG 0.30 2,500 04/17
VNDM 0.30 2,500 07/12
PUMA 0.25 2,500 08:10
CANT 0.1101 5,000 08:30
MAXM 0.0001 10,000 07:35
DBOX U 0 04/16
VERT 0.57 1,000 15:58
CDEL 0.58 5,000 15:58
CSTI 0.58 1,000 15:34
OTCX 0.5875 2,000 10:07
ETRF 0.588 4,200 15:47
LAFC 0.608 1,000 07/09
VNDM 0.64 1,000 07/12
CANT 0.64 1,000 08:30
NITE 0.70 1,000 15:39
PUMA 1.00 100 08:10
STXG 2.00 100 10/05
MAXM 8.00 100 07:35
DBOX U 0 04/16
and here's today's avgs .. and YOY -%
Detailed Quote:IPIX
INNOVATION PHARMACEUTICALS INC
0.133Up 0.001 (0.76 %)AS OF 3:59:44PM ET 11/28/2018
Last Trade 0.133
Trade Time 3:59:44pm ET
Change 0.001
% Change 0.76%
Bid 0.13
Bid Size 5000
Ask 0.14
Ask Size 5000
Open 0.1325
Day High 0.15 ** .0212c *liquidity*
Day Low 0.1288
Previous Close
11/27/2018 0.132
52-Week High
12/06/2017 1.17
52-Week Low
11/20/2018 0.1025
Price Performance (Last 52 Weeks)
11/27/2018 -82.22%
Volume 875,275
Volume (10 day Average) 550,118
Volume (90 day Average) 503,775
last grab B/A today ..
ETRF 0.13 5,000 15:07
NITE 0.125 12,000 15:22
CDEL 0.125 8,000 15:54
VERT 0.11 5,000 11/23
VNDM 0.102 5,000 11/27
STXG 0.1012 5,000 09/28
LAFC 0.1012 5,000 11/19
PUMA 0.10 5,000 08:10
CSTI 0.10 5,000 15:22
MICA 0.001 10,000 13:28
MAXM 0.0001 10,000 07:35
CANT 0.0001 10,000 11:33
INTL U 0 10/24
DBOX U 0 07:45
OTCX U 0 08:15
NITE 0.14 21,000 15:54
CDEL 0.14 5,000 15:54
CSTI 0.18 5,000 15:22
VNDM 0.23 2,500 11/27
LAFC 0.35 2,500 11/19
VERT 0.35 2,500 11/23
PUMA 0.35 2,500 08:10
CANT 0.36 5,000 09:30
ETRF 0.565 2,000 14:58
STXG 2.00 100 >year
MAXM 8.00 100 07:35
MICA 12.00 100 13:28
INTL U 0 10/24
DBOX U 0 07:45
OTCX U 0 15:53
to me pattern change outs are always worth noting ..
i've maintained that usually NR only gets retail to sell by taking a stock high enough .. or so low emotions get played by relentless pps compression (usually in conjunction with multi/s repetitive FUD bombarding SMBs) .. imo NR took CTIX/IPIX too low which imo essentially drove out retail traders and the liquidity traders' provided .. making NRs' hole progressively more deep on less and less *volume* ..
that didn't leave NR with too many alternatives imo .. a need to create volume and a pps cycle to entice traders and build that volume base back up (cushion) for mgmt filings/updates .. but also try to keep the pps so tightly constrained as to not lose control to legitimate demand (vs the washed kind done by those who illegally manipulate OTC targets by rote) ... and to be clear imo NR has had leeway to take IPIX up if so inclined .. (they got zooey months' back when YOY -%s dipped into low 30s) .. it's now in the mid -80s and has been for a while .. with very little by way of pps *take up*
and while mgmt's clock continues to tick down .. and retail investors continue to pick off and add IPIX *shares* .. NR reports erroneous *daily volume* avgs when they *report* their legal short position .. makes me wonder if inverted let alone accurate .. my bet is it is not remotely accurate and my expectation has been that IPIX will trigger reg sho with mgmt's execution
4kids
Quote:
4kids, would you mind breaking this down for some of us. I'm not sure I understand all of this. Obviously, our daily avg isn't 1.2 mm shares or 1.4 for that matter. Where did FINRA get that number from?
6
