Posted On: 06/13/2015 2:49:29 PM
Post# of 9144
strange things often happen in penny land due to broker etc non-accountability since 2009
e.g I was in a ca 3 c stock before where on many occasions huge # of shares would go on a regular basis for only ca .0001-upsetting holders-bypassing all the higher bids
since the political greenlighting since 2009 the market has been saturated w fraud
I would often call the brokers and ask them about the illogical huge .0001 trades
they were either the dumbest people or purposefully hiding something
one of the excuses they gave was that these were internal transactions- in which case i thought they shouldnt show on the tape as open market transactions
not taking away from anything anybody else has said re the friday transactions-
just saying i've seen a lot worse and on a regular basis in some other stocks-and sometimes -due to fraud or internal broker transactions or whatever, there doesnt seem to be a logical explanation- and does not always affect pps longterm- other than to make already nervous penny traders more nervous
e.g I was in a ca 3 c stock before where on many occasions huge # of shares would go on a regular basis for only ca .0001-upsetting holders-bypassing all the higher bids
since the political greenlighting since 2009 the market has been saturated w fraud
I would often call the brokers and ask them about the illogical huge .0001 trades
they were either the dumbest people or purposefully hiding something
one of the excuses they gave was that these were internal transactions- in which case i thought they shouldnt show on the tape as open market transactions
not taking away from anything anybody else has said re the friday transactions-
just saying i've seen a lot worse and on a regular basis in some other stocks-and sometimes -due to fraud or internal broker transactions or whatever, there doesnt seem to be a logical explanation- and does not always affect pps longterm- other than to make already nervous penny traders more nervous
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