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Thursday, July 28, 2016 2:34:51 PM
And down she goes, like clockwork. MM AEXG (rumored per internet research to be associated with ole Magna, like MM BMAK was/is also)- they just slid down to 1st position on that Level II, and SHAZAM, the Bid dropped in a blink to 2.2 CENTS. That Ask is "capped" IMO, once AEXG parks themselves there- it means to me, that's the "capper" they just set for now.
Right from the OTC market site itself:
0.0221 / 0.026 (30000 x 20000)
The INSTANT MM AEXG slid down that Level II and took up 1st position post on the Ask, that Bid went low to .022 with 160K shares now at that Level. That little 30K block just now popped in at .0221 from ETRF, E-Trade, pushing the big block at .022 down one level. I don't think the MM's are gonna leave a big ole block of 160K shares just sitting on that Bid, w/o eventually taking it down to clean those out. Nope, highly doubt it.
The Bid is now loading up all the way down to the 1.5 CENT range/area again, which to me says this is likely going lower here, sooner than later. The volume has dried up- meaning whoever/whatever "entity" was buying that wide open spread on the Ask for a few days (NOT "retail" IMO), looks to me like they're finished up, at least for now. Out of bucks or done doing whatever they were "doing" via jacking that Ask way, way, waaaay out on mega high spreads.
The air just got let out of the fat tire, looks like to me. The little mini-pump on that Ask lasted all of what, like 2 or 3 days again, LOL! Same old pattern, over and over again from what I can see.
Looks like some dilution share selling about to takeover this puppy again IMO. MM market maker AEXG (and usually CFGN now too) spell DILUTION selling to me- that's what I see every time I see um move down to the Ask position on that Level II stack.
My 2.2 CENTS or so worth- as that's all that's showing on that Bid now, for whatever it's worth, which ain't much, LOL !
Posts are only my amateur opinions, personal views and thoughts. They are not any type of investment advice. Do one's own due diligence.
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