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Posted On: 11/12/2019 4:50:03 PM
Post# of 85938
Re: richievortan #16345
Yes and No:
In a case of a regularly traded stock - no matter the price on any exchange except the NYSE - it is the role of MM's to create the opportunity to buy and sell shares in any quantities.
It is also the roll of MM's to create action and they do this by helping to move the price up - then people sell and take profits or helping to move the price down so that it is attractive to buyers. On the NasDaq it also allows shorting of higher prices stocks.
This only works if there are trades all the time. Watch the ticker on QCOM or COST to see how a regular stock trades and the "wave" throughout the day enticing buyers and sellers. MM's make money facilitating trades.
What we are seeing in UNVC is BLATANT MANIPULATION - by "evil people".
Yesterday the volume for the whole day until about 3:45pm was 704,000 shares in very few trades and then someone dumps 572,000 shares. That is blatant manipulation to take the price down and to create fear and to give the impression that UNVC is going to go down a lot as "someone must know something" to suddenly sell 80% of the total volume until that moment in time in a day of trading.
Ever since .015, we have seen a "strategic structured attack" to take the price down and this will continue until Filings. Unfortunately L2 does not show any significant Bid support to stop the "evil downward manipulation"
This is called the "Stinky Pinkies" and the "OTC Sewer" for a reason.
All my own opinion after many years in the market.
In a case of a regularly traded stock - no matter the price on any exchange except the NYSE - it is the role of MM's to create the opportunity to buy and sell shares in any quantities.
It is also the roll of MM's to create action and they do this by helping to move the price up - then people sell and take profits or helping to move the price down so that it is attractive to buyers. On the NasDaq it also allows shorting of higher prices stocks.
This only works if there are trades all the time. Watch the ticker on QCOM or COST to see how a regular stock trades and the "wave" throughout the day enticing buyers and sellers. MM's make money facilitating trades.
What we are seeing in UNVC is BLATANT MANIPULATION - by "evil people".
Yesterday the volume for the whole day until about 3:45pm was 704,000 shares in very few trades and then someone dumps 572,000 shares. That is blatant manipulation to take the price down and to create fear and to give the impression that UNVC is going to go down a lot as "someone must know something" to suddenly sell 80% of the total volume until that moment in time in a day of trading.
Ever since .015, we have seen a "strategic structured attack" to take the price down and this will continue until Filings. Unfortunately L2 does not show any significant Bid support to stop the "evil downward manipulation"
This is called the "Stinky Pinkies" and the "OTC Sewer" for a reason.
All my own opinion after many years in the market.
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