CDEL is pushing price down with a big supposed ask
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(Total Views: 268)
Posted On: 12/08/2017 1:28:24 PM
CDEL is pushing price down with a big supposed ask at 1.01, and almost twice as much on the BID at 1.00. Two other market makers also show substantial bids at 1.00, and one at .99.
WIth no evidence for this but the way that I've seen this happen in the past, I do think there was a substantial amount of shorting at 1.15-plus, and it's getting covered -- with them trying to pay as little as possible. If no real sellers show up, then they will have to pay more to be able to close those positions before the weekend.
We saw exactly this scenario happen the last time Patrick Cox pumped this stock. I haven't followed his other pumping operations on other stocks to know if this is a pattern with him -- anybody know if this happens with other stocks too?
WIth no evidence for this but the way that I've seen this happen in the past, I do think there was a substantial amount of shorting at 1.15-plus, and it's getting covered -- with them trying to pay as little as possible. If no real sellers show up, then they will have to pay more to be able to close those positions before the weekend.
We saw exactly this scenario happen the last time Patrick Cox pumped this stock. I haven't followed his other pumping operations on other stocks to know if this is a pattern with him -- anybody know if this happens with other stocks too?
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