Posted On: 10/28/2016 3:06:49 PM
Post# of 9144
My thoughts on today's trading....
To anyone paying attention, it would've been obvious that there were very patient investors willing to vacuum up shares being slowly made available in the 6-7-8-9-10 cent range. The crooks lost patience and pulled a maneuver today aimed at getting some of these patient investors to "blow their load". The first trade this morning was for a small number of shares at $0.15 with a large spread between BID/ASK. I think it was something like $0.09/$0.15. The intent was to bait the investors to panic buy at the ASK. It looks like it worked to some degree as the volume picked up to over 200k trading at $0.14/$0.15. Then when there was a lull in the buying, they sold shares at $0.12 (I think....might've been $0.11) probably probing to see if their strategy worked.
I don't think it did, but at least it raised the price at which investors are continuing to patiently suck up shares.
To anyone paying attention, it would've been obvious that there were very patient investors willing to vacuum up shares being slowly made available in the 6-7-8-9-10 cent range. The crooks lost patience and pulled a maneuver today aimed at getting some of these patient investors to "blow their load". The first trade this morning was for a small number of shares at $0.15 with a large spread between BID/ASK. I think it was something like $0.09/$0.15. The intent was to bait the investors to panic buy at the ASK. It looks like it worked to some degree as the volume picked up to over 200k trading at $0.14/$0.15. Then when there was a lull in the buying, they sold shares at $0.12 (I think....might've been $0.11) probably probing to see if their strategy worked.
I don't think it did, but at least it raised the price at which investors are continuing to patiently suck up shares.
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