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Re: None

Friday, 07/22/2016 11:07:45 PM

Friday, July 22, 2016 11:07:45 PM

Post# of 312015
All the mumbo jumbo *documented* about resets and volume and wash trades the last two sessions can easily be explained by what really happened:

a bunch of shares came off restriction and a dumper put in a sell order of 1M shares...

yesterday he was able to sell 110K shares in two trades---the MM handling the ordered sold 10K and 100K @ .0205 during the session---since the order was still open, he printed the net leg AH as a T-trade with his commission included, 110K @ .02019...

.02019/.0205=.9848 = ~1.5% commission

today the MM finished the order, selling 160K and 730K @ .021...he printed the net leg, including commission during the session as the order was complete, 890K @ .02068...

.02068/.021= .9848 = ~1.5% commission

total shares of this order sold during the two sessions = 1M shares....

both day's dump in question hi-lited with net legs in green:



today's print:



I realize it makes for a less boogieman-filled story with the only *CE* the guy who dumped the 1M shares smile