Yeah, I understand, especially with everyone expec
Post# of 153986
(Total Views: 403)
Posted On: 09/10/2019 5:08:17 PM
Yeah, I understand, especially with everyone expecting the share price jump up today. That nickle was wrong back in Feb. Market Makers are suppose to give best offering, by law, there was a bid at .555, they posted a trade at was .0552. Even if someone put a buy in at .0552 and someone else put a sell order in at .0552, they should check the l2 first to see if they are better offers for both before executing the trade. I had a couple bids in showing on l2 that day also in the 50c range, they should have sold to me before that. So a mistake.
How can you post to the tape be wrong? Look at the trade today posted after hours. Trades don't happen after hours. This is the MM selling dilution clearing their books, this type of posting is not allowed on nasdaq, because it is double counting volume, but MMs can post to the tape when they shouldn't at prices they shouldn't, with proof here.
The trade hitting 36c today was real, but someone saw a soft spot in l2 and quickly dumped before the bids could catch up. Who would want to sell quickly from 39c to 36c before the bids could catch up? Someone wanting the share price to hit 36c. The only one that benefits is the note holder, there new conversion price is 36c for 20 days, so my guess is it was them.
How can you post to the tape be wrong? Look at the trade today posted after hours. Trades don't happen after hours. This is the MM selling dilution clearing their books, this type of posting is not allowed on nasdaq, because it is double counting volume, but MMs can post to the tape when they shouldn't at prices they shouldn't, with proof here.
The trade hitting 36c today was real, but someone saw a soft spot in l2 and quickly dumped before the bids could catch up. Who would want to sell quickly from 39c to 36c before the bids could catch up? Someone wanting the share price to hit 36c. The only one that benefits is the note holder, there new conversion price is 36c for 20 days, so my guess is it was them.
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