written by reader Teeka Tiwari’s Project Deepwave

By michaelhwoods, June 26, 2020

Yesterday, Teeka Tiwari introduced his new trading service, introduced as Project Deepwave. It is a proprietary data mining and software algorithm that looks at after-hours anonymous private trading systems apparently run by authorized members of the financial industry. The pitch alleges that the system is being used by certain well known parties to enrich themselves at the expense of the individual investor by first, misleading the media as to their beliefs and intentions, and then, executing trades through these private exchanges that are the opposite of their public proclamations. He gives several recent examples and names names. This may be a little bit out of your wheelhouse but was wondering about your take on Teeka, this system, and the apparent abuse of a legally sanctioned system that allows this sort of apparent abuse to corrupt the stock market at the expense of individual investors. Thanks for your thoughts. I of course welcome the thoughts of all irregulars.

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

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michaelhwoodsHannibal Smithdhb1313avanienDeb Bryant Recent comment authors

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avanien
Irregular
πŸ‘0
avanien

So far I don’t see anything which matches the hype in the video/ad in the recommendations. Looking at the history of recommendations, see more misses than hits…

Marios
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Marios

Can you give us a little more informations about deepwave?
That would be awsome.Thanks

Michael H Woods
Guest
Michael H Woods

This is a link to the presentation if you have a couple of hours of free time. The basic premise is that certain large stockholders in any number of companies are able to trade anonymously through private exchanges owned by many of the major banks. That, in and of itself is not a problem. However, in at least two instances, which he illustrates, those stockholders have done misleading interviews, prior to trades, indicating that their intentions were the opposite of their subsequent trade actions. The result has been driving up the price of a stock while they sell. Teeka blames… Read More Β»

avanien
Irregular
πŸ‘0
avanien

Its essentially options trading and minimum recommended is $1000 per option. The much touted “Make 19k on first dark pool trade” is CLDR, and was no where close to that..I am hoping the recommendations are better going forward.

Michael H Woods
Guest
Michael H Woods

Agreed, however, as a new service, if his allegations and algorithm are correct, it could have merit. I guess that is what I’m trying to get at. If anyone can poke any holes in his factual argument regarding the private exchanges, or the recent actions of Warren Buffet etal., that would be helpful I guess time, if nothing else, will tell. Thanks

Deb Bryant
Guest
Deb Bryant

I saw (part of ) the pitch and found it tempting. I don’t trust wall street and find his allegations quite plausible. However, less plausible is his claim to have figured out how to track the “dark money” movements in real time. And I don’t trust Teeka Tiwari, either. I am in awe of his marketing prowess though. He knows just how to push peoples’ buttons. Usually his pitches are aimed toward simple greed, but this “outsmart the crooked system” theme was seemingly built to help me part with my money. However I really can’t afford to lose $2500, and… Read More Β»

dhb1313
Irregular
πŸ‘8

Michael, perhaps this is of interest to you. I wonder if Palm Beach Group may be double marketing the same algorithm/data set at two price points. In the video pitch listed below, they hype Jason Bodner’s Palm Beach Trader at a cost of $2500 for two years (vs. Teeka’s $2500 for 6 months). This sounds similar in theory: “But my system does more than just look at individual stocks. It also looks at the big-money buying and selling in the broad market through its Big-Money Index (BMI).”
You can see the video pitch and offer here:
https://secure.palmbeachgroup.com/?cid=MKT433127&eid=MKT475245&step=start&assetId=AST120602&page=1

Hannibal Smith
Member
πŸ‘83
Hannibal Smith

Not the same. Bodner is just money flow. Teeka’s is tracking public statements vs contrary activity on dark pools, probably with the help of AI. Don’t be a guinea pig.