Trading Summary - October 14. In my opinion,the
Post# of 114
Posted On: 10/15/2015 10:17:33 AM
Trading Summary - October 14.
In my opinion,there was some deliberate stacking of the ask at .0004 to 50M (when the overnight GTC queue was about 20M) followed by a few small sacrificial dumps of shares into the 3 bid by people who were still making a profit from .0002 but also had large bids at .0003 - also when some panicked and tried to sell more at .0003 than was bid, this appeared on the ask but was bought almost immediately without hesitation. I have observed this tactic before on Penny Stock Geeks plays for over a year now. You need to watch L2 throughout the day to work out what is going on. By these means, a small group is able to accumulate 50M>100M shares per day which then get sold over the next 5 >15 ticks above on a surge on news when miraculously the stock suddenly becomes very thin at every level. Just my theory - but what I'm working too.
In my opinion,there was some deliberate stacking of the ask at .0004 to 50M (when the overnight GTC queue was about 20M) followed by a few small sacrificial dumps of shares into the 3 bid by people who were still making a profit from .0002 but also had large bids at .0003 - also when some panicked and tried to sell more at .0003 than was bid, this appeared on the ask but was bought almost immediately without hesitation. I have observed this tactic before on Penny Stock Geeks plays for over a year now. You need to watch L2 throughout the day to work out what is going on. By these means, a small group is able to accumulate 50M>100M shares per day which then get sold over the next 5 >15 ticks above on a surge on news when miraculously the stock suddenly becomes very thin at every level. Just my theory - but what I'm working too.
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"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.