"LOL" is right. Think about it. What seller of rea
Post# of 11899
"LOL" is right. Think about it. What seller of real shares would want to scare all the bids away by placing a relatively large block of shares on the Ask in such a low volume environment. If a seller truly desired to dump 21M shares, if he was smart, he would actually buy small amounts on the Ask a few times to get price momentum and trader bids coming in and then as the stock was lifted higher he would slowly ramp up his sell order sizes, first 1M then once those were gone, 2M orders, etc. What you are seeing is most probably short sellers finding and borrowing a ton of shares and piling them all onto the current Ask to scare away bids or any potential bidder. Why would someone looking to accumulate shares place a bid on the current bid if he sees there are so many shares for sale that could easily be dumped filling his bid and then dumped another tick lower and lower. He might as well wait and see how low the price prints first and then once it looks like those shares have been sold and the Ask is light he would come in with bids looking to push the price up. Its a short selling tactic to bully and scare away buyers. Plain and simple.
20121012|RFMK|5719918|0|14319618|O
We had another near 40% short day today and yet the price closed higher, so I hope for the sake of some shady participants solvency that these shorties realize how risky their behavior is and give it up. We are getting rather close to election cycle momo, 10K filing, uplist, Q3 report, etc etc which could all be great catalysts to push the stock higher. Time is not on their side, they need to unlearn what they have learned and go bear raid some other victim.
TIC TOC
Do or do not, there is no try.
$RFMK!