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Alias Born | 01/24/2011 |
Thursday, January 07, 2016 4:11:26 PM
Ever since I noticed the declaration of the dividend on the FINRA site, I've been watching SSNT, and today, when the second notice was posted, I put the symbol into a Time & Sales and LII box on my TDA ThinkorSwim screen.
It was brought down on only a few hundred shares, and then suddenly I saw a bunch of MPIDs for various market participants appear, including one I'm not familiar with, PUMA.
PUMA seemed to be the one controlling the action. About ten minutes before the close, PUMA, which had been at the lowest ask most of the day, moved from $1.80 to $2.49, and there were no more trades for the day.
I don't know what happened, as I'm not much of a trader, but either someone saw something in the dividend they liked, and so created a situation where they could acquire at a discount, or didn't like something about it and decided to dump.
Whatever the case, I think that PUMA was handling their trades, and according to OTCMarkets, PUMA could be a market maker for SSNT.
Finally, with nearly 72K shares traded, this is the most volume for SSNT, by a factor of two, adjusted for the last reverse, in at least three years.
"Soylent Green is people!!!"
Detective Robert Thorn: Telling uncomfortable truths since 2022
DRT is Charleton Heston's character in the 1973 movie, Soylent Green, set in the year 2022, and is not my real name
Recent SSNT News
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