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Re: None

Thursday, 10/12/2017 12:40:15 AM

Thursday, October 12, 2017 12:40:15 AM

Post# of 46686
LOL!

To those thinking the 'stock is being manipulated' here are some facts to assist you.

1. No one is manipulating this stock, it is financially prohibitive to short it, cost of carry etc - this has been explained

2. Therefore, whomever is selling shares is a LONG, meaning they are leaking out their shares slowly (probably paying zero to little commission), because the swing trader doesn't want to move the stock GIVEN ZERO DEMAND FOR IT. They likely have a limit sell on - however, given there is no demand, whenever someone bids a few shares they take a bit more of that offer- this is relatively obvious. Even a novice trader has used a good till cancel limit order before.

3. In addition, a key point, NO ONE is being PREVENTED from BUYING this stock, and given how thinly traded it is, and the bid/ask spread (wide), clearly if someone wanted the stock it would move ....that's not 'manipulation' - manipulators can't prevent people from buying shares. And the argument that a large order would move the stock, sure, but given the lack of long term demand, that is clearly not the case.

4. The constant lack of volume should tell you something - no one wants to buy WDDD

5. Here is the last 23 days of historical data sourced from yahoo finance - does this look like a stock that is being 'manipulated'?

Date Close Volume Dollar Value
9/11/2017 0.03 18200 $546
9/12/2017 0.03 95700 $2871
9/13/2017 0.03 50000 $1500
9/14/2017 0.03 64400 $1932
9/15/2017 0.03 35500 $1065
9/18/2017 0.03 138100 $4143
9/19/2017 0.03 206700 $6201
9/20/2017 0.03 123700 $3711
9/21/2017 0.03 115000 $3450
9/22/2017 0.03 0 0
9/25/2017 0.03 46000 $1380
9/26/2017 0.03 79900 2397
9/27/2017 0.03 142400 $4272
9/28/2017 0.04 709500 $28380
9/29/2017 0.04 255400 $10216
10/2/2017 0.04 195800 $7832
10/3/2017 0.04 54000 $2160
10/4/2017 0.04 106300 $4252
10/5/2017 0.03 37900 $1137
10/6/2017 0.04 99900 $3996
10/9/2017 0.04 153900 $6156
10/10/2017 0.04 34000 $1360
10/11/2017 0.0321 68100 $2186.01

AVERAGE DOLLAR VALUE TRADED = $4k per day - a rich kid learning to trade has more money that that to play with. That is not manipulation - no one is manipulating people NOT to buy a stock - this is effectively impossible



6. Does that daily dollar value just scream people wanting the stock? Is someone 'suppressing it'? Umm no, it screams no one wants it = REALITY