BNN Technology Share Discussion Threads

[fafa48] 04/11/2016 09:46

1 share again just a few mins ago. I topped up at 116p.

[charlesdarcy] 04/11/2016 09:46

83,000 shares traded , down 11% MM should have a investigation into this I want to buy but not being offered nothing like the amount

AIM need to look at how MM do their trades IMO disgusting !!!

[squiresquire] 04/11/2016 09:43

Nothing odd at all, big profits will be being taken pre-election because the mere chance Trump wins is sufficient to grab profits and trim losses.

Expect a lot more, but thsi doesnt alter company potential, just the market share price. 85 p is my guess for a strong support.

[perfect choice] 04/11/2016 09:41

Can buy no problem, topped up but felt like a gamble with that level of drop so quick, larger sell order placed or back to tactics mentioned before?

[and11] 04/11/2016 09:40

Agreed! Something very odd going on! Mm's helping there mates out...😡

[redhill9] 04/11/2016 09:34

Price just dropped 15p in a couple of minutes. Possible to sell 1,000 shares at 114p but not to buy any! Rather odd.........

[and11] 04/11/2016 01:14

What goes down must go up! Or the other way round... but From what I've seen this week with the share trading mm's are just playing games...small trades driving the price down. Big buys not driving the price up!!!! something is a miss... what can you say or think!!! Hold tight... this is going to fly... mm's just trying to turn an earn as usual.... be brave... news coming IMHO...GLA...

[snowyflake] 03/11/2016 21:10

Might even see a bounce tomorrow!! Several posters stated on this thread today that they had bought!

[snowyflake] 03/11/2016 21:08

Charles - it is common practice for false sell and buy orders to be placed "on the book" - it distorts the market unless one understands how the system works.

The art is trying to understand the true strength or weakness of the market. I have struggled with that ever since the announcement on Friday. I cannot make out whether the price has fallen back because of retail selling (I doubt the institutions are selling)or whether the price has fallen back by market maker moves which has flushed out stop losses.

The fall is surprising given the fact that announcements are expected in the lead up to the IPO in the US and the prospectus before the SEC in the States will contain supporting evidence and forecasts to support the listing.

[city_gentleman] 03/11/2016 21:01

Whatever happened to 'fair trading'? 🤓

[charlesdarcy] 03/11/2016 20:43

Wow ! What chance us mortals !!

[toyin] 03/11/2016 20:31

newmanontheblock

A perfect example was about three weeks ago, on the buy side you had blocks of 1000-3000 and on the sell side you had two blocks of 100,000 and 150,000 mixed in with the genuine sell orders. They were there for one reason to put buyers off while they bought all the bits and pieces. This strategy can go on for weeks and months.

All the best

[newmanontheblock] 03/11/2016 20:15

Genesis. Really insightful and interesting posts. So, in theory could the MMs been buying up excess shares recently in anticipation of a big future demand? Hence the share price has been gradually drifting lower over the last few weeks?

[snowyflake] 03/11/2016 20:08

Genises - very kind of you to give us that explanation but you were presumably working from Level 2? I guess many pis do not have Level 2. Given your experience and I am assuming following Level 2 what do the 100s mean in the last hour as a matter of interest?

[genises] 03/11/2016 19:57

Plenty of 100 in the last hour!!
Couple of 500 at the beginning of trade
1 400!!

[genises] 03/11/2016 19:54

Personally, I have worked on the Nasdaq Market Maker desk of a major firm and while the folks I worked with did not use any signs like the ones above, they did know what certain other MMs were about to do by watching them move their bids and asks. One example - When I first started and was sitting with one of the MMs, he said "See that? He dropped his ask and shows 1000 shares. He's a buyer." Say what? -- It wasn't even a minute later that the bids dropped lower after his 1000 share ask. As soon as the bids all dropped away, the asks from other MMs and internet brokers all fell below his. He then bought thousands of shares about $0.25 lower than where the bid was before his fake ask - on a $7 stock. These things happened ALL of the time.

We've worked on OTC/Agency (Nasdaq and OTC-BB) desks and worked with many actual market makers. We can attest that many market makers will use certain signals. Some will use fake bids/offers to trick individual investors and day traders. They are still responsible for those bids/offers and would have to buy or sell there if their bid or offer is hit, but they post those to make others think they have an order and do not really want to buy or sell there.



When 100 Actually Means 25,000

When watching larger stocks, market makers from large firms will often bid for 100 shares when they actually want several thousand shares.

Market makers are in the game to make money as well as execute orders for their firm's clients.

If you do see a huge bid or ask - thousands of shares where it's not usual it's often a fake. That is, they really don't want to execute that trade but are actually trying to scare others and to move the stock the opposite way that their bid or ask would indicate. If the stock happens to trade closer and closer to that larger bid or ask, it will disappear. Smaller stocks and penny stocks are rife with that type of dishonest manipulation on OTC markets.

Market makers will almost never show their hand to let others know what order they are working. For instance, let's say a market maker for at a major firm receives an order to purchase 25,000 shares of a stock at a $5.00 limit for an institutional client. He will never bid for the full 25,000. He will place a 100 or 200 share bid at $5.00 or lower. Why? If the market maker places all 25,000 shares at the bid at $5.00, another market maker with shares to sell could "hit" that bid and sell him everything at $5.00. The trade is over; the bidding market maker has just bought all 25,000 at $5.00. However, using smaller bids and some patience will usually mean he can get shares a bit cheaper. With a 25,000 order, a difference of just a few cents can result in thousands of dollars.

The market maker with the bid will put up only 100-200 to see if any fish bite. If they do, he'll remember who sold him those and move his bid down to $4.95, $4.90, etc. and see if he can get more there. If he does, great, he'll keep working the price down as far as he can go to get the shares as cheaply as possible.

Perhaps he now has 25,000 shares with an average price of $4.80. Now that the market maker has 25,000 shares, he can then sell them to his customer at $4.90. At $4.90, the customer is happy because he would have paid up to $5.00 and the market maker is happy because he sold the shares to the client $0.10 higher than it cost him and he made a tidy profit of $2,500.

Market makers will almost never post a bid or ask for more han just a few hundred shares no matter how large their true need is. So if you do see a market maker from a large firm posting a bid for 500 shares, there's usually thousands of shares behind that. Unless he's selling signals and not selling just stock.

[genises] 03/11/2016 19:49

Many traders believe that market makers will "signal" moves in advance buy using small amounts of buys or sells as "signals". The "signals" are from one market maker to another.

100 I need shares.
200 I need shares badly, but do not take the stock down.
300 Take (or I am taking) the price down so I can load shares
400 Keep trading it sideways.
500 Gap the stock.

This is a theory put forth by a lot of penny stock and non-penny stock traders. This is not a guaranteed trading method but can lend some insight to comarket makerunications. It can pay to watch a few market makers of your favorite stock over several days or weeks to see if they follow these or other similar signals. That way, you can divine what they are going to do and jump in ahead of any move that may come.

[charlesdarcy] 03/11/2016 17:28

All good posts again today on a strange but lively day share wise .

Something in this 1 share traded I think we will still need to wait until the start of 2017 to see the Nazdac listing actually trading but let's see what comes out tomorrow

[newmanontheblock] 03/11/2016 16:26

Another single share traded today, so maybe that means RNS on the way?! Gotta be tomorrow, as would be perfectly timed to inform us about Sept/October business progress AND just after Nasdaq application process begins.

Listing Timeline
While it generally takes four to six weeks to process a listing application, this time frame is variable and may be shortened considerably, if the application raises no issues and the company responds quickly to Staff comments.
Week 1. Company submits application for listing and Nasdaq Listing Qualifications Staff begins its review.
Weeks 2-3. Staff completes its preliminary review and prepares comment letter.
Weeks 3-4. Company addresses any issues raised by Staff.
Weeks 5-6. Staff completes their review and company is approved for listing.

Any new business announcements and new members to the board would have to be announced prior to US Roadshows. Bought more today, like some others. GLA

[genises] 03/11/2016 15:48

•Meeting with management of DJI Holdings gives insights into its partnership with and shareholding in state-owned media giant Xinhua's mobile app developer, Xinhuatong.

•Xinhua's mobile app aims to reach out to the new frontier of China's mobile internet - newly connected rural areas.

•Nasdaq listing still firmly in company's sights, but unlikely until early 2017.

•Announced name change to BNN is reflection of changes in Chinese business already underway rather than anything very new.


I last gave an update about DJI Holdings (Private:DJIH) (DJI.L on the London Stock Exchange) around a month ago. In the two weeks after my briefing the share price shot up over 60% on strong volumes. As impressively, it has stayed up. I believe this stock is going for another good run before the end of the year. Even from these newly elevated levels, it could also be a star performer through 2017. DJI is now trading on a market cap of £308m ($401m) and has recently often been turning over around $2m a day equivalent. From a largely retail stock a few months ago, the company now boasts an impressive blue chip share register, with the likes of Fidelity, Capital, Henderson and Deutsche Bank featuring as new major shareholders. Such investors have poured in around £50m ($65m) from new equity placements into the company in the last few months.

Yet DJI, which is in the business of mass-data processing in China, has a lousy track record and no revenue. So what's going on? A rather inscrutable set of announcements last Thursday (which had to include denying a leak) didn't help. Following this announcement I managed to meet, for the first time, the CEO Darren Mercer and the new CFO, Scott Kennedy to find out what is behind one of London's hottest stocks, and one that is to IPO on Nasdaq soon.

[genises] 03/11/2016 15:20

ayesha4
could you not had waited a few more seconds before I had to pay above your price of 10,000.lol

[snowyflake] 03/11/2016 15:13

ayesha4 - I will add when one of these much rumoured announcements of a new deal or two one of which is supposed to be significant is announced.

Had one or more been announced there would be no need to "drive demand" as you put it.

[ayesha4] 03/11/2016 14:45

The business plan is being executed with precision and according to plan. There is to be a series of announcements that is going to drive demand. 2.50 pounds at Nasdaq listing is just the start. Added 10,000 shares today.

[city_gentleman] 03/11/2016 14:30

👍🏻 Gotcha. I'm learning...fast. Many thanks. Onwards & upwards!

[genises] 03/11/2016 14:28

Chief executive Darren Mercer said: ""Now is the right time to begin building a new brand, with the BNN Technology name, as we broaden from lottery specialist to payment fulfilment, content-delivery, data management and value-added services on mobile internet.

"We believe completing the pivot to a technology company will add substantial shareholder value as we enter high growth, multi-billion dollar markets in China.

"Chinese technology, content and services provider DJI Holdings said it is pursuing a number of opportunities for new contracts in China and also plans to strengthen its board with new non-executive appointments.