Posted On: 10/13/2016 6:49:44 PM
Post# of 72447
The question is, is this genuine action with shares trading hands, or is it BS from the manipulators?
When I see 300,000 shares on the ask, that is bogus. NO ONE who was actually selling would put out an offer like that. They'd be selling in much smaller chunks, to avoid dropping the market and costing themselves money -- IF they genuinely were selling.
I view this as a new tactic to force the price down. There are various scenarios by which certain entities would profit from lower share price, and not just by short selling.
When I see 300,000 shares on the ask, that is bogus. NO ONE who was actually selling would put out an offer like that. They'd be selling in much smaller chunks, to avoid dropping the market and costing themselves money -- IF they genuinely were selling.
I view this as a new tactic to force the price down. There are various scenarios by which certain entities would profit from lower share price, and not just by short selling.
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