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Innovation Pharmaceuticals IPIX
Posted On: 12/13/2012 5:35:15 PM
Post# of 72446
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Posted By: TOB
Re: Drano #3938

Actually the MMs are trying to lure the buys higher, not drive it down.


I was able to buy at the bid several times today.


For example, this trade was my buy for 9,900 @ 1.41 when the Bid was 1.41 and the Ask 1.44


It reported as a sale of course, as it was closer to the Bid than the Ask, despite it being a buy.


Below that is another buy for 5,000, again reported as a sell because I bought @ 1.41 when the Bid was 1.41 and the Ask 1.43


So this tells me the MMs think the price is going lower, saw some buys coming in, and are trying to get people to buy higher.


A big challenge to being on the OTC is dealing with their games and not being conned by how they manipulate the Bid/Ask to their advantage.


(I cut and pasted them together from the "trades" page, which also shows how computer algorithms don't give an accurate count of sales and buys as it just matches to the closest bid/ask



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