I don't think this is a valid example. The dollar
Post# of 72447
(Total Views: 209)
Posted On: 06/30/2017 3:40:44 PM
I don't think this is a valid example. The dollar amount is so small and the stock is so lacking in liquidity. That's $142 worth of volume. The surrounding days would need to be looked at for matching trades.
But here's how it's possible:
1) There was a buyer for 18000@$0.0079.
2) A MM decided he wanted to sell him shares at that price (the price prior to the trade may have been higher or lower).
3) The MM did not have the shares so he sold them short with the intent to get them back or not.
The result of that scenario is 100% short volume with either a decreasing or increasing price (depending on the price prior to that trade). Anything can happen on such a small amount of money with no trading volume.
But here's how it's possible:
1) There was a buyer for 18000@$0.0079.
2) A MM decided he wanted to sell him shares at that price (the price prior to the trade may have been higher or lower).
3) The MM did not have the shares so he sold them short with the intent to get them back or not.
The result of that scenario is 100% short volume with either a decreasing or increasing price (depending on the price prior to that trade). Anything can happen on such a small amount of money with no trading volume.
(0)
(0)Innovation Pharmaceuticals Inc (IPIX) Stock Research Links
All my posts are my own personal opinion and speculation. They should not be used as the basis for any investment decision. No, I am not Scottsmith.