It has occurred to me - bearing in mind the posts
Post# of 4997
(Total Views: 197)
Posted On: 12/06/2017 2:37:34 PM
It has occurred to me - bearing in mind the posts made at the time on iHub - that one of the bashers may have made the 30M transaction at .0003 yesterday selling his own .0004 or .0003 cost basis shares.
In particular, repeat nonsense poster "RFB" expected the .0003 bid to get pulled but of course it was not as it was a genuine one from longs.
He and the other bashers were banking on others being duped to sell more than 30M into any bids they (the bashers) had at .0003 or .0002 which they could then flip later.
However, not only did longs get at least 5M of the 30M but they also topped up the bid at .0003 restoring it to the previous level. Also, nobody was duped into selling.
If indeed someone sold into their own bid in an attempt to manipulate the stock, that will get picked up by their broker's SEC / FINRA Rules Compliance Department as it is a transgression to attempt to "make a market" by effectively selling / buying to yourself. He / they may get a warning from their broker or they might have their accounts monitored more closely.
In particular, repeat nonsense poster "RFB" expected the .0003 bid to get pulled but of course it was not as it was a genuine one from longs.
He and the other bashers were banking on others being duped to sell more than 30M into any bids they (the bashers) had at .0003 or .0002 which they could then flip later.
However, not only did longs get at least 5M of the 30M but they also topped up the bid at .0003 restoring it to the previous level. Also, nobody was duped into selling.
If indeed someone sold into their own bid in an attempt to manipulate the stock, that will get picked up by their broker's SEC / FINRA Rules Compliance Department as it is a transgression to attempt to "make a market" by effectively selling / buying to yourself. He / they may get a warning from their broker or they might have their accounts monitored more closely.
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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.