Looks to me like you're trying to grab more shares
Post# of 41414
Posted On: 02/22/2014 8:08:17 PM
Re: The Lieutenant #2269
Looks to me like you're trying to grab more shares near .01, so you're telling people where to bid so you can go place a buy order slightly above them, but still close to .01....but this strategy will never work because the people selling at .0124 won't settle for .01 (because that's likely where they bought their shares!!!!). They'll take their orders off the ask and wait for the price to approach the .0124 mark again before selling into the bid near that price. It's simple trading psychology, and I see it EVERY DAY.
As you expected this Bobby guy to sell this into the ground last week (which of course didn't happen...in fact, the exact OPPOSITE happened...), I expect the stock to approach .015 next week. Fridays' trading tells me this is NOT being sold in large quantities at the bid, it's being bought at the ask. I know that if my other stock finally puts out that stupid PR I've been begging them to release for 2 months, this stock won't see .01 anytime soon. I'll be hitting the ask like a crazy person. But alas, I continue to wait...
As you expected this Bobby guy to sell this into the ground last week (which of course didn't happen...in fact, the exact OPPOSITE happened...), I expect the stock to approach .015 next week. Fridays' trading tells me this is NOT being sold in large quantities at the bid, it's being bought at the ask. I know that if my other stock finally puts out that stupid PR I've been begging them to release for 2 months, this stock won't see .01 anytime soon. I'll be hitting the ask like a crazy person. But alas, I continue to wait...
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