Exactly right GS. Only thing I would add is the manipulation. And that is playing a huge part in the slide. Almost every single day there is a wall on the ask of at least a million shares and then the bid whacking starts. MM's will sell to you on the bid if there is no pressure on the ask. Then they have to take it down in order to cover those shares. I'm guilty of it a few times here as I'm sure we all are. It makes no sense to slap the ask in that situation but make no mistake the little bid whacking we do is peanuts compared to the amount the manipulation group is doing and they are doing it for different reasons. Stalling is another tactic they are using. I've put orders in and waited quite a while without a fill when the shares were supposedly available. Then there is the bid ask gap. On and on they use these tricks to kill any run or tiny little bit of momo that gets going. Yesterday was a perfect example. After amateur hour there were at least 6 to 7 mil in trades at the ask that I saw and ask never budged off .0028. It should have moved nicely but didn't. We know there's no dilution and no one was selling. They just flat out didn't let it go then dropped it red for the close. It's complete bullshit but unfortunately it's what we have to deal with at the moment.
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Category: StocksTotal Views: 72 By : EditorUpdated: 06-16-2024
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Category: StocksTotal Views: 63 By : EditorUpdated: 06-16-2024
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Category: EconomyTotal Views: 63 By : EditorUpdated: 06-16-2024
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Category: MarketsTotal Views: 90 By : EditorUpdated: 06-15-2024
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Category: MarketsTotal Views: 217 By : EditorUpdated: 06-15-2024
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Category: EconomyTotal Views: 225 By : EditorUpdated: 06-15-2024
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