Thanks. I was thinking about the Citadel buyer ove
Post# of 39368
Thanks. I was thinking about the Citadel buyer over lunch and it's possible that they are inviting large volume bidwhacks to fill their basket. Like I've said before, there is bear camp 1 that wants to destroy TECO and there is bear camp 2 that is really a closet bull and just wants to get cheap shares.
There's no loyalty in the trading world. There's temporary alliances but there comes a time when it is every man for himself. If a small trader like me can see the tape manipulation, chances are that some bigger trader can see it too. If I knew what I knew about TECO, and had access to a multi million dollar bankroll I would be trying to accumulate and position for a short squeeze off of the lows.
Seriously, the lowest this stock has traded since the April 2011 rally is 2 cents and that lasted for maybe a tick. So let's say the real downside is 3 cents. The buyer getting filled at .034 is not even risking half a penny a share if you believe downside is 3 cents! If anything that's another loading zone unless you believe this company is about to go tits up this quarter, which the chances of that happening are incredibly slim.
I guess I am extremely envious of Citadel right now since they are doing this to both of my penny plays today.