(Total Views: 297)
Posted On: 02/25/2017 4:22:41 PM
Post# of 72446
It means that there is a bunch of phony trading -- what AlanC calls "wash sales" in which the market makers sell to each other or themselves, to walk the price down.
The idea is to panic any remaining weak hands into selling, so that the shorts can cover. The magnitude of the truly stupid bashing, in large quantities, tells us that indeed the shorts are very scared.
Many of us have experienced putting an order in at the purported "ask" price -- and then the large purported sell order at that price disappears. Or, we just don't get filled, but surprise surprise the 100 share order BELOW our bid does get filled, and lowers the price. And our bid sits there, unfilled.
And, one of our members reported putting in an order for 4,000 shares, when there was supposedly a 70,500 offer. What a surprise -- when his REAL bid went in, the gigantic offer.... disappeared.
They are playing games with share price, to try to scare us, and to try to pressure Mr. Ehrlich into making a bad deal. Remember all those "c'mon Leo, make a deal, any deal" posts?
They are dead wrong on both counts. They're not going to scare those of use who understand what the stock's actual worth should be right now, and what the longer-term potential is, into selling. And as the largest shareholder, Mr. Ehrlich certainly isn't going to knuckle under to a terrible deal.
And, with news coming in the next 2 or 3 trading days, you can expect to see more of this garbage -- and then, on good news, a nice move up. Big.
The idea is to panic any remaining weak hands into selling, so that the shorts can cover. The magnitude of the truly stupid bashing, in large quantities, tells us that indeed the shorts are very scared.
Many of us have experienced putting an order in at the purported "ask" price -- and then the large purported sell order at that price disappears. Or, we just don't get filled, but surprise surprise the 100 share order BELOW our bid does get filled, and lowers the price. And our bid sits there, unfilled.
And, one of our members reported putting in an order for 4,000 shares, when there was supposedly a 70,500 offer. What a surprise -- when his REAL bid went in, the gigantic offer.... disappeared.
They are playing games with share price, to try to scare us, and to try to pressure Mr. Ehrlich into making a bad deal. Remember all those "c'mon Leo, make a deal, any deal" posts?
They are dead wrong on both counts. They're not going to scare those of use who understand what the stock's actual worth should be right now, and what the longer-term potential is, into selling. And as the largest shareholder, Mr. Ehrlich certainly isn't going to knuckle under to a terrible deal.
And, with news coming in the next 2 or 3 trading days, you can expect to see more of this garbage -- and then, on good news, a nice move up. Big.
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