Posted On: 12/16/2015 9:22:57 AM
Post# of 41413
Checking the bid/ask this morning to determine if I can swing a deal this morning.
If you want to see manipulation, there are currently 20,000 shares on the bid at .0013. That is only $26.
Someone with a decent chunk of shares drops that 26,000 to purposefully lower the price. Causes some slight panic and makes someone to feel compelled to sell. Then this guy will just pick up cheap shares after all those people sold based on a $26 sell.
If you want to see manipulation, there are currently 20,000 shares on the bid at .0013. That is only $26.
Someone with a decent chunk of shares drops that 26,000 to purposefully lower the price. Causes some slight panic and makes someone to feel compelled to sell. Then this guy will just pick up cheap shares after all those people sold based on a $26 sell.
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