(Total Views: 203)
Posted On: 04/26/2019 1:45:44 PM
Post# of 2306
Contemporaneous record of deliberate manipulation attempt by iHub user "ALL-IN888" for inclusion in a report to the SEC:
iHub post # 24635 dated friday 04/26/2019 12:49:41
"I showed the Algo my 82,000 Share Bid @ .68 I cancelled that Buy order 5 sec before the Market opened then I unloaded @ The Bell, 5000 Shares Sold @ .681 LOL That was my strategy to get Out quick!!! LOL big smile"
Explanation of the wrongdoing:
The scammer put a fake bid of 82K in at .6800 before the open.
This caused the MMs' algorithms to raise the stock to .0700 x .7200 pre-market.
When he cancelled the bid seconds before the open, the price dropped to open at .0700 ask (i was watching) and he sold his insignificant 5,000 shares at .0681.
iHub post # 24635 dated friday 04/26/2019 12:49:41
"I showed the Algo my 82,000 Share Bid @ .68 I cancelled that Buy order 5 sec before the Market opened then I unloaded @ The Bell, 5000 Shares Sold @ .681 LOL That was my strategy to get Out quick!!! LOL big smile"
Explanation of the wrongdoing:
The scammer put a fake bid of 82K in at .6800 before the open.
This caused the MMs' algorithms to raise the stock to .0700 x .7200 pre-market.
When he cancelled the bid seconds before the open, the price dropped to open at .0700 ask (i was watching) and he sold his insignificant 5,000 shares at .0681.
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"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
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