Posted On: 10/04/2014 12:16:19 PM
Post# of 150
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Look out fellow investors, it appears there are many shenanigans going on in this stock. Up over 7% on Friday yet the day's volume consisted entirely of short sales and buys to cover those same shorted shares. This smells of MM shorty manipulation. The tactic to find buyer volume is to print a high price in the morning to attract traders whose radar is drawn to the stock which are seeing an early percentage move to the upside. Then if any buyer buys in at the high price instead of going out into the market and buying real shares for the client to settle the trade, they fill the client account with IOU's (fake phantom electronic markers) by way of shorting that long transaction. Then a lower price is printed on very low volume, rinse/repeat, until the stock is back at 0.00% gains/losses for the day or sometimes they push it further into the red to close in the red.
This typically signals a BOTTOM in the stock price action.
It appears MM's have put in a bottom in this stock, risk appears to be to the upside at this point. All just my own opinion.
GLTA
20141003|WTCG|877416|0|877416|O
10/03 0.0028 75000
10/03 0.0029 100000
10/03 0.0029 1000
10/03 0.0027 1
10/03 0.0028 100000
10/03 0.0027 1
10/03 0.003 260666
10/03 0.003 300000
10/03 0.0032 30750
10/03 0.0031 10000
This typically signals a BOTTOM in the stock price action.
It appears MM's have put in a bottom in this stock, risk appears to be to the upside at this point. All just my own opinion.
GLTA
20141003|WTCG|877416|0|877416|O
10/03 0.0028 75000
10/03 0.0029 100000
10/03 0.0029 1000
10/03 0.0027 1
10/03 0.0028 100000
10/03 0.0027 1
10/03 0.003 260666
10/03 0.003 300000
10/03 0.0032 30750
10/03 0.0031 10000
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