Interesting trading on SKTO...the bid/ask is prett
Post# of 36728
Immediately afterwards a 250K ask @ .0095 appeared to see if I was serious. If it was true selling, it wouldn't only be 250K shares. Additionally, a long wouldn't be sitting there monitoring the price all day just to bid whack my 10K or 20K shares.
What does this tell me? Regular longs are not selling, but someone is intent on keeping the price down. I believe they are trying to cause a panic sell, but unsuccessful so far, and have resorted to short selling to the MMs. They will have to cover soon enough, but I'm going to keep messing with them on 10K and 20K shares.
My account balances are high enough that I get tons of free trades every month, so I can keep playing games with these crooks.
Right now I'm bidding 10K @ .0094 against the 250K @ .0095. If it was a true long trying to sell, they would have taken the .0094. If it was a fake wall, then it stays at 250K @ .0095 on the ask while a 10K sell will take the bid out.