Hobbes it does not have to be reported the same da
Post# of 1609
Posted On: 08/29/2013 7:39:41 AM
Hobbes it does not have to be reported the same day. It may be after a week of selling then they report it. It would just make it easier to see what is going on when we have really low volume days. The 16 million shares traded Tuesday was mostly Csuck selling along with others freaking out when the price dropped and started to sell as well. All those shares were bought because the share price bounce right back up off the low that day. So somebody bought a lot of shares that day. It was the flippers. You could see it when we got the big spread on the bid and the ask. The amount of shares on the ask tells everyone they were flipping. .0022 and .0025 on the bid and ask with only 10,000 on the bid and 2.5 million on the ask shortly after the sell off. That is why I was telling people I did not think it was a good idea to buy. All you would be doing is allowing the flippers to profit off you. They would drive the price right back down and do it again, making money on each few ticks.
If anyone wants to buy during this time I would suggest buying on the BID ONLY, for at least the next 3-4 weeks. If you buy on the ASK you are just going to put money into the flippers hands. You buy on the ask when big volume is coming in and moving the stock price up. Otherwise buy on the BID.
Take care my friend,
Mike
If anyone wants to buy during this time I would suggest buying on the BID ONLY, for at least the next 3-4 weeks. If you buy on the ASK you are just going to put money into the flippers hands. You buy on the ask when big volume is coming in and moving the stock price up. Otherwise buy on the BID.
Take care my friend,
Mike
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