(Total Views: 638)
Posted On: 01/25/2018 6:04:14 PM
Post# of 4081
I posted this on Liehub also!
IMHO, yesterday's volume was the result of the MM's not interfering with the natural progression of trading. I did not see them doing what they usually do, undercutting the ask, ratcheting down the spread and putting up huge walls.
IMHO, today was just the opposite. IMHO, they let it run up so they could short above .05 and then bought back in under .04. They couldn't make a profit shorting small quantities in the .02 to .03 range, so they let it run up, which created the volume, and then they ratcheted the spread down again. IMHO, these are typical MM tricks when the float gets tight. They relied on inexperienced trader's lack of knowledge, in this stock, and the fact that we are still in OTC pinkyland and the fear that this might be a pump and dump. IMHO, many of the same buyers from yesterday, were sellers today.
IMHO, yesterday's volume was the result of the MM's not interfering with the natural progression of trading. I did not see them doing what they usually do, undercutting the ask, ratcheting down the spread and putting up huge walls.
IMHO, today was just the opposite. IMHO, they let it run up so they could short above .05 and then bought back in under .04. They couldn't make a profit shorting small quantities in the .02 to .03 range, so they let it run up, which created the volume, and then they ratcheted the spread down again. IMHO, these are typical MM tricks when the float gets tight. They relied on inexperienced trader's lack of knowledge, in this stock, and the fact that we are still in OTC pinkyland and the fear that this might be a pump and dump. IMHO, many of the same buyers from yesterday, were sellers today.
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