222Martins:
When stocks are on full bid or full offer, it is advisable you exercise caution.............Someone here once asked: How it is possible for a stock to go from FULL OFFER to FULL BID in a twinkle of an eye. Well, i did a little experiment on a stock just now and some fools rushed in.........What did i do?

I launched up about 30 different Bids on a stock at various quantities ranging from 250,000 to 500,000 units on a stock that have been promoted here. This made the BID QUANTITY to be more than 15 times the OFFER QUANTITY with a price range just a bit below the best offer price.

Guess what happened: People started fighting to outbid me ,; while i was strategically outbidding them in bits without actually buying anything. In the frenzy, they ended up grabbing the nearest offer prices and pushing the price way above the opening price of today.

I then proceeded to cancel all my bids and the BID Quantity to OFFER Quantity ratio went from 15:1 in split seconds to 2:1.

I believe this is how the big dogs create artificial demand and supply for fools to either rush in or jump out. So please, trade with caution, buy with reason and do your own due diligence..... A word is enough for the wise.

Thank You

jarkbauer:
You were fortunate the offers could have changed from price to market and you’ll end up with all your bids getting filled.

222Martins:
When stocks are on full bid or full offer, it is advisable you exercise caution.............Someone here once asked: How it is possible for a stock to go from FULL OFFER to FULL BID in a twinkle of an eye. Well, i did a little experiment on a stock just now and some fools rushed in.........What did i do?

I launched up about 30 different Bids on a stock at various quantities ranging from 250,000 to 500,000 units on a stock that have been promoted here. This made the BID QUANTITY to be more than 15 times the OFFER QUANTITY with a price range just a bit below the best offer price.

Guess what happened: People started fighting to outbid me ,; while i was strategically outbidding them in bits without actually buying anything. In the frenzy, they ended up grabbing the nearest offer prices and pushing the price way above the opening price of today.

I then proceeded to cancel all my bids and the BID Quantity to OFFER Quantity ratio went from 15:1 in split seconds to 2:1.

I believe this is how the big dogs create artificial demand and supply for fools to either rush in or jump out. So please, trade with caution, buy with reason and do your own due diligence..... A word is enough for the wise.

Thank You

jarkbauer:
You were fortunate the offers could have changed from price to market and you’ll end up with all your bids getting filled.

jarkbauer:
You were fortunate the offers could have changed from price to market and you’ll end up with all your bids getting filled.

Streetinvestor2:
You can only do that on cheap stocks or you have plenty cash on your trading account for the bids to be registered.

222Martins:
When stocks are on full bid or full offer, it is advisable you exercise caution.............Someone here once asked: How it is possible for a stock to go from FULL OFFER to FULL BID in a twinkle of an eye. Well, i did a little experiment on a stock just now and some fools rushed in.........What did i do?

I launched up about 30 different Bids on a stock at various quantities ranging from 250,000 to 500,000 units on a stock that have been promoted here. This made the BID QUANTITY to be more than 15 times the OFFER QUANTITY with a price range just a bit below the best offer price.

Guess what happened: People started fighting to outbid me ,; while i was strategically outbidding them in bits without actually buying anything. In the frenzy, they ended up grabbing the nearest offer prices and pushing the price way above the opening price of today.

I then proceeded to cancel all my bids and the BID Quantity to OFFER Quantity ratio went from 15:1 in split seconds to 2:1.

I believe this is how the big dogs create artificial demand and supply for fools to either rush in or jump out. So please, trade with caution, buy with reason and do your own due diligence..... A word is enough for the wise.

Thank You

SonofElElyonRet:


The stock exchange should have a software to detect and sanction such manipulators

222Martins:
The only way to stop this is to make trading in such a way that, once you place a bid or offer, you cannot adjust or cancel it until that trading day is over. Unless this is done, it will continue.......

vacanci:


and nothing get filled up. not even partial filled. This analysis na theory.

Uncle you can lie o.

222Martins:
I would have shown you a screenshot but i would only end up revealing the stock. I just wanted to pass a message to those who are always excited about FULL BIDS and FULL OFFERS.

222Martins:
The only way to stop this is to make trading in such a way that, once you place a bid or offer, you cannot adjust or cancel it until that trading day is over. Unless this is done, it will continue.......

222Martins:
I would have shown you a screenshot but i would only end up revealing the stock. I just wanted to pass a message to those who are always excited about FULL BIDS and FULL OFFERS.

222Martins:
The only way to stop this is to make trading in such a way that, once you place a bid or offer, you cannot adjust or cancel it until that trading day is over. Unless this is done, it will continue.......

222Martins:
Do you think i placed those orders and went to bed? I was actively monitoring it and adjusting them accordingly. The goal was to keep the BID Quantity to Offer Quantity very high, thus creating a smoke screen of artificial demand.

If i can do this with a few afolabi units, then imagine what those with billions of Naira can do.

BullBearMkt:

Your actions are nothing short of criminal! Many are behind bars because of that.

222Martins:
The only way to stop this is to make trading in such a way that, once you place a bid or offer, you cannot adjust or cancel it until that trading day is over. Unless this is done, it will continue.......

222Martins:
You dey here dey speak grammmar....because i spoke about it. And when is quitting an auction a crime if people with more money outbid you? Go and tell that to the big firms with billions of funds available to play with.

Streetinvestor2:
Madam check that cornerstone results. I don try search the thing but no see the result.I no understand watin Meristem dey send as earning flsh.The eps tire me,lol....I dey see 8.64

222Martins:
You dey here dey speak grammmar....because i spoke about it. And when is quitting an auction a crime if people with more money outbid you? Go and tell that to the big firms with billions of funds available to play with.

vacanci:


someone bought dangote cement at 320. it went on full bids for days and now its settled at 763. are u saying the investor should not be excited?

its not about full bid or full offer. na money we wan make.

Locotrader:


You were trying to make a point and now you are out of point.

Instead of you to do what is right, you are making a criminal highlights.

Thank God there is no pullback today, all these your fake bids would have all filled.

vacanci:


and nothing get filled up. not even partial filled. This analysis na theory.

Uncle you can lie o.

so for example best offer is N2 and you place bids just below best offer maybe at 1.96 and nobody clear anything fro there?

why don't you say u placed ur bids at the least amount for the day?

vacanci:


someone bought dangote cement at 320. it went on full bids for days and now its settled at 763. are u saying the investor should not be excited?

its not about full bid or full offer. na money we wan make.

222Martins:
You dey here dey speak grammmar....because i spoke about it. And when is quitting an auction a crime if people with more money outbid you? Go and tell that to the big firms with billions of funds available to play with.

222Martins:
What makes it a fake bid? If my bids were filled, would it still be a fake bid? Or were the bids made without funds to back it up? I placed a bid, i was outbidded and i backed out......Se fini.

222Martins:
When stocks are on full bid or full offer, it is advisable you exercise caution.............Someone here once asked: How it is possible for a stock to go from FULL OFFER to FULL BID in a twinkle of an eye. Well, i did a little experiment on a stock just now and some fools rushed in.........What did i do?

I launched up about 30 different Bids on a stock at various quantities ranging from 250,000 to 500,000 units on a stock that have been promoted here. This made the BID QUANTITY to be more than 15 times the OFFER QUANTITY with a price range just a bit below the best offer price.

Guess what happened: People started fighting to outbid me ,; while i was strategically outbidding them in bits without actually buying anything. In the frenzy, they ended up grabbing the nearest offer prices and pushing the price way above the opening price of today.

I then proceeded to cancel all my bids and the BID Quantity to OFFER Quantity ratio went from 15:1 in split seconds to 2:1.

I believe this is how the big dogs create artificial demand and supply for fools to either rush in or jump out. So please, trade with caution, buy with reason and do your own due diligence..... A word is enough for the wise.

Thank You

emmanuelewumi:




Could only sell my Dangote cement shares at N686.70k yesterday

222Martins:
What makes it a fake bid? If my bids were filled, would it still be a fake bid? Or were the bids made without funds to back it up? I placed a bid, i was outbidded and i backed out......Se fini.

essentialone:
When stocks are on Full Bid or Full Offer, it is advisable that you exercise caution. Unless you had that stock in mind before, when stocks are on Full Bid, do not be in a haste to Sell Off. It may go higher, and do not be in a haste to Buy, so that you do not catch a Falling Knife. Also, when stocks are on Full Offer, do not be in a haste to Buy. It may be on a long downward journey to nowhere. Do not always be greedy when others are fearful. Find out why they are fearful. Also, do not always be Fearful when others are greedy. [b]Find out what new information made them greedy. [/b]Despite all analysis and paralysis, more often than not, in the short term, prices of stocks, react more to Information and Sentiments.

Streetinvestor2:
At how much did you buy.i bought at 145 then and sold btw 290 and 320