From what I have heard, Knight (NITE) owns 30% of
Post# of 39368
From what I have heard, Knight (NITE) owns 30% of iHub. If you take a look at who is controlling the ask on TECO a lot, it is NITE. Yesterday they were the lead ask sitter pinning it with 500,000 at one point at just a hair above 3 cents. It's in their interest to allow just enough conversation on their boards from both sides in order to feign legitimacy and draw eyeballs, but they actively manage the conversations in their favor. It's not just on TECO but any other penny they are shorting and distorting. I wasn't in iHub jail for TECO it was for another stock where I called out the bashers.
By the way, we are entering the light volume lunch hour and if you guys are watching the tape, the MM's are slowly peeling back the bids. Once they start to thin it out watch for them to attack with one hour of selling into bid. They might wait until the last hour of trading to hit hard they seem intent on closing this under 3 cents for the week.