Friday, March 10, 2017 12:40:15 PM
IMO... The action this morning was not dumping...only 3mil. If you are watching the time and sales you would see that there was 7 mil. on the Bid. The MM's moved their Bids off and only left the 3 mil. to be taken down. I believe this was Retail and not the MM's. They had a discussion and removed theirs before they filled the 3 mil.
I think this is only to 'manage the charts' especially because it is a weekly close.
Who else would sell only 100 shares to put the 2's on the chart?
In the last few minutes, you saw the .0003's disappear so they could spike the .0004's...then the .0003 put back on. IMO, the 8 mil. is the MM's and the MM's only. If it was not they could not have removed a 'retail' order without violating ethics... if they really have any.
They bought 10k to spike the hourly chart before the hour close.
They will not let this finish above .0003 for the day/week though.
This tells me that the .0003's are a good buy for the near future.
Of course, this is all just my opinion only.
SM
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