(Total Views: 488)
Posted On: 04/04/2018 11:44:38 PM
Post# of 4081
Hi grizzly, appreciate your positive attitude.
In my opinion the sell off today was mainly market makers doing what they do on the OTC pinks (which I question the legality of). I made several purchases today (6) at the ask price and immediately one or more market makers would move their ask down below my last buy.
They walked the price down this way every time I purchased at the ask. Making it impossible for the stock price to go up.
I'm fairly certain short interest is high as market makers anticipated a stop or yield sign coming due to late financials and they knew it would scare off a few weak holders. The 'stop' along with the low volume allows them to work this like clay. They may be doing well playing this so far but they better be very careful to get those positions covered soon!
Once the financials hit along with our current low float it's off to the races!!!
In my opinion the sell off today was mainly market makers doing what they do on the OTC pinks (which I question the legality of). I made several purchases today (6) at the ask price and immediately one or more market makers would move their ask down below my last buy.
They walked the price down this way every time I purchased at the ask. Making it impossible for the stock price to go up.
I'm fairly certain short interest is high as market makers anticipated a stop or yield sign coming due to late financials and they knew it would scare off a few weak holders. The 'stop' along with the low volume allows them to work this like clay. They may be doing well playing this so far but they better be very careful to get those positions covered soon!
Once the financials hit along with our current low float it's off to the races!!!
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