Quote:
Sent On: 04/25/2018 3:48:07 PM
Sent By:

What do you think a sell order of 27912 means? It seems like lafc has had one in far above the ask for awhile. Is it a signal, or someone wanting to unload shares at that price.

this was my response

i never rule out any ask or bid as not being legit .. what i look for is what the MM showing has actually done .. on IPIX

first thing i do is look at what LAFC (MM) has reported to Finra for the past 3 months .. realize the PPS has done nothing but relentlessly compress over the last 3 months ..

so ..

here's LAFC in March .. 7th out of 11 MMs ... less than 2% of the monthly volume

IPIX Innovation Pharma 4,078,577 3,388,387 12,600,185 LAFC R. F. LAFFERTY & CO., INC. 67,871 7 1.66%

here's LAFC in Feb 2018 .. 6th out of 10 MMs .. less than 4% of the monthly volume

PIX Innovation Pharma 3,388,387 5,133,221 8,521,608 LAFC R. F. LAFFERTY & CO., INC. 126,494 6 3.73%

and LAFC in Jan 2018 .. 6th out of 9 MMs .. less than 3% of the monthly volume

IPIX Innovation Pharma 5,133,221 8,121,069 5,133,221 LAFC R. F. LAFFERTY & CO., INC. 121,835 6 2.37%

http://otce.finra.org/MonthlyShareVolume

so my best guess is they are a *decoy* based on the size showing .. to *block* any significant take up on IPIX .. it's equally possible they will be utilized to reset with another MM trades around/at that PPS .. which is part of what i noted previously with NR having 3 choices open to them now .. the third being to slowly roll up the PPS a slightly higher % than the reset % back down (net per the week 2c to 3c) .. i refer to this a *laddering*

one thing that does interest me about the size .. is the 12 on the end .. imo when i see that .. i think of the first and second MMs' reporting to Finra .. (10 tends to be for the first MM reporting *imo*) ..

lastly it is quite possible it is a legit sell by a legit investor .. it just seems an odd time to *sell* a size like that at that price point .. now

hope this helps ..

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based on what i saw today MM LAFC is a pure decoy .. most likely working in CONjunction with the dynamic duo of CDEL & NITE ..

my last grab today B/A ..

OTCX 0.46 20,000 15:59
CDEL 0.46 3,000 15:54
ETRF 0.46 2,800 15:21
CSTI 0.46 2,500 15:00
NITE 0.43 2,500 09:30
VERT 0.40 2,500 03/26
STXG 0.30 2,500 04/17
LAFC 0.30 2,500 04/24
VNDM 0.30 2,500 04/25
CANT 0.30 2,500 08:30
MAXM 0.0001 10,000 07:35
PUMA 0.0001 10,000 08:10
DBOX U 0 04/16

LAFC 0.48 27,912 09:30
CSTI 0.48 4,000 10:37
CANT 0.48 2,500 09:28
ETRF 0.49 5,350 15:44
OTCX 0.50 20,000 15:23
NITE 0.50 11,000 14:44
CDEL 0.50 4,000 15:54
PUMA 0.50 2,500 08:10
VERT 0.715 1,000 03/12
VNDM 1.00 4,000 09:30
STXG 2.00 100 10/05
MAXM 8.00 100 07:35
DBOX U 0 04/16