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Posted On: 02/28/2019 4:51:28 PM
Post# of 32689
Re: manfromjax #12806
Let's say a "club" was looking to buy some cheap shares. A lot of cheap shares.
One way to get them is to sell a bunch (5157) cheaply at say 14.0329 for $72,367 in the hopes of panicking other flippers into selling as well.
Why else sell an odd lot at a odd price. Could have very well been one MM to another. Would else wouldn't have wanted $5K-$10K more for their shares than to dump so quick.
If the sp drops further, they are ahead of the game. If it immediately goes back up a bit, they can still load up on more shares and hold until the sp goes up another 10% or more.
Other likely scenario is it was a trader that flipped out. Many that pop in do no DD and are the first ones to get spooked by their charts.
One way to get them is to sell a bunch (5157) cheaply at say 14.0329 for $72,367 in the hopes of panicking other flippers into selling as well.
Why else sell an odd lot at a odd price. Could have very well been one MM to another. Would else wouldn't have wanted $5K-$10K more for their shares than to dump so quick.
If the sp drops further, they are ahead of the game. If it immediately goes back up a bit, they can still load up on more shares and hold until the sp goes up another 10% or more.
Other likely scenario is it was a trader that flipped out. Many that pop in do no DD and are the first ones to get spooked by their charts.
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