Today's close showed buying at the ask helped the
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Posted On: 04/06/2018 8:04:09 PM
Today's close showed buying at the ask helped the stock. I guess no one will be complaining about manipulations today.
If someone set a buy order at 45 cents (52-week low), which is 25% lower than 60 cents, I consider it as lowball. I have no problem with people buying at the price they are comfortable with, whether it's higher, equal to, or lower than the 52-week low. But I have a problem whenever the stock is down, naked shorting must be the culprit, not supply vs. demand or any other factor.
When I feel strongly about something, I usually have something to back it up. That's why I read every financial report and study similar cases. To prove selling pressure by Aspire, I record the amount of shares sold to them since the beginning. To show they've been selling, I use the lack of Schedule 13G as evidence.
IMO it's no coincidence that the SP increased by 20% when Aspire had less to sell, if any, this week.
If someone set a buy order at 45 cents (52-week low), which is 25% lower than 60 cents, I consider it as lowball. I have no problem with people buying at the price they are comfortable with, whether it's higher, equal to, or lower than the 52-week low. But I have a problem whenever the stock is down, naked shorting must be the culprit, not supply vs. demand or any other factor.
When I feel strongly about something, I usually have something to back it up. That's why I read every financial report and study similar cases. To prove selling pressure by Aspire, I record the amount of shares sold to them since the beginning. To show they've been selling, I use the lack of Schedule 13G as evidence.
IMO it's no coincidence that the SP increased by 20% when Aspire had less to sell, if any, this week.
Quote:
How is buying at the ask helping the stock price, when the market makers are determined to sell the stock at less than the ask?
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