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Food Technology Service, AŞ Message Board

  • eagledragon1 eagledragon1 Mar 27, 2013 12:14 PM Flag


    I got the goods. We are being gamed by EdgeEx, a market maker. They are running bids through an ADF (alternative display facility) which prevents their orders from being displayed. I have been setting a trap for over a week now to see if I could catch them in the act. It happened at 10:33:51. I cannot get into the trade specifics because they are going into a letter to the SEC and a call to my securities attorney. But for sure, there is illegal trading activity taking place!

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    • I see EDGX is on bid @ $5.10 for 2000sh and @ offer $5.15 for 200 ... .. the $5.25 NSDQ was 10k sh yest and day before also ? now half that ... plenty of shady action here .. all of us longs should just set our shares for gtc sale way higher/out of reach ..

      Sentiment: Strong Buy

    • good dd thanks... ok so that mm is messing with the stock but for WHO ? tied to FA I assume ? vol too light here for random manip if not to benefit a larger interest .. keep us posted , thanks very much

      Sentiment: Strong Buy

      • 1 Reply to black.dave52
      • It could well be the mm itself. It gets very complicated to explain how to recognize a cheater. There are numerous exceptions institutions can use for not filling orders. There are ways to write orders so only a very few exceptions can apply. Those limited number of exceptions being employed usually point the way to the abusive entity. I went through enough evidence with the brokerage trade desk that they themselves told me this situation looked "odd" (that's about all they CAN say).
        A full complaint/report has now been filed with the SEC. I have to wait for the attorney to call me back (what's new), but I suspect they may put a little heat under the SEC to try to speed up a review.

        Purposely manipulating a stock is illegal under any and all circumstances. Results of a positive determination of attempted manipulation can range from fines, individual and class action lawsuits, to prison. Though this stock is a very small holding in relation to my portfolio, I will spend the time hunting down those who would scheme to cheat the system.

        I'll be happy to pass on any other info as it becomes available. Keep the faith,

        Sentiment: Strong Buy