I watch most every trade. Way too many flippers in this stock. Or may be the naked shorters also. Makes no sense to otherwise explain the constant small bid whacking and small ask blocking.
If the true longs want to help combat this while purchasing new shares, refrain from getting excited by smacking the ask and bid sit with big orders.
As we saw today in the first half hour, the double 2 million whacks at 46 and 47. All they did was help the flippers.
I understand the psychological reason to smack the ask, be it greed, news, or thinking you can drive the pps higher, but we have to combat the naked shorters and those who solely come to this stock to flip 2 or 3 ticks.
This of course does not apply to long flippers, and I understand the purpose of increasing your free share count. But seems we are inundated with too many straight up flippers and shorters.
P.S. I plan on getting banned from IHUB today or tomorrow on purpose.
If the true longs want to help combat this while purchasing new shares, refrain from getting excited by smacking the ask and bid sit with big orders.
As we saw today in the first half hour, the double 2 million whacks at 46 and 47. All they did was help the flippers.
I understand the psychological reason to smack the ask, be it greed, news, or thinking you can drive the pps higher, but we have to combat the naked shorters and those who solely come to this stock to flip 2 or 3 ticks.
This of course does not apply to long flippers, and I understand the purpose of increasing your free share count. But seems we are inundated with too many straight up flippers and shorters.
P.S. I plan on getting banned from IHUB today or tomorrow on purpose.
1
