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DOESN'T SEEM TO HAVE BEEN MUCH MANIPULATION SINCE EARLY THIS MORNING!!!
MAYBE THEY TOOK THE AFTERNOON OFF TO GO FISHING
Admins / Moderators... How much of this are we allowed to post? The courts response is EXCEEDINGLY pertinent to this ticker.
Demurrer overruled on all counts. The response even spoke to the claims of extortion. May need more popcorn for this one. Exciting!
Just read it....great news!
Yeeeeaaaahhhhhhh....we're on the same side, but I don't think that's what this is : )
The bottom line is that this manipulative practice introduces fear, uncertainty and doubt into the ticker as everyone tries to understand what is happening, and tries to gain confidence that there are no underhanded practices in place that are going to cost them money.
Wait...WHAT?
For the last two weeks or so, someone is planting a huge wall on the Ask. 14+ million shares. My guess would be that they place it as "All or None," so unless someone shows up with close to $100,000 the order will never be filled. It'll just sit there, and cause the ticker to stagnate indefinitely.
Any "drops" that we've seen have been big drops on very low volume as someone (my guess...the same or a related party) places a couple of sell orders that actually CAN be filled. Probably hoping that someone else will get fed up, sell out, drive the entire bid down, and allow the wall to be moved a little farther south. After 15 minutes, it evens out and spends the rest of the day with almost no activity.
Just my opinion.
It's not difficult....
As is the underlying pattern. Doubt I'm the only one that has noticed.
I vote YES, also. I'm betting on the market value of the technology and the future of the industry.
If there are/were crooks...then it's cost me quite a bit of money. I'd like to see it sorted out. I
Pretty sure it has been.
Unknown? Doubtful.
I think he's reminding us that the lawsuit is still in motion. I appreciate that...thanks Rascal.
Yes, but whoever it was sold down to .0045 in the first two minutes of trading. The Ask was steady at .006. They were trying to drive it down to build their wall at a lower price today, but the MMs didn't bite...they just bought the cheapies, and held their ground on the ask.
As they continued selling the bid went BACK UP to .0059. Oops! I guess that didn't work.
One good PR lights the fuse on this one.
NO!! Absolutely NOT a "huge morning of selling." Just a normal reaction to seeing the 10th day in a row of someone putting up a 15m share wall.
To Mr. Wall Builder: This is such obvious manipulation that it's comical. Can you mix it up a little? Tomorrow, maybe do 14m shares. Next Monday try 16m. And at some point actually SELL some shares (i.e. don't put in your bid as all/none) so it doesn't look so obvious.
What's the point in buying with that wall in place? Unless someone is going to buy $100k of MYDX then the price CAN NOT GO HIGHER until that wall moves.
What happens if most people see the wall and don't buy (500,000 shares in the last 3 hours)? Then when a few people sell it looks like a "Huge morning of selling."
I'm on the road today. What's up? Why the big jump?
Maybe the ONLY reason.
Financials need to improve, but this isn't a $10m market cap company.
Glad to hear it. Welcome!
How did you hear about MYDX?
If you don't think someone is manipulating this stock you're kidding yourself.
Ah...gotcha. Sorry for coming across as a grumpy old man. I'm not that old, but I'm definitely grumpy after seeing these walls all week.
Doubt it. Who's going to put in a 6m share sell order right on the ask? Somebody that knows that it's not going to get filled, that's who.
To even BEGIN to fill the first several shares of that that order, you'd need more orders in the last 30 minutes of the day than you had in the entire rest of the day. And if they put it in as All or None there's virtually NO chance that it would be filled.
So...it's either someone blocking upward progress (i.e. not a "Shareholder making a profit") or someone that happens to have invested $40k in an obscure penny stock but doesn't know enough about trading to be able to structure a reasonable sell order.
NITE. It's been NITE all this week.
The current 6m+ share wall went up at 3:18pm EST. Feel free to scroll back through the posts that hit the board immediately afterwards. Just sayin'
Whoever keeps putting that wall up (I have my suspicions) is playing with fire. Somebody with a meager amount of money can add two more weeks onto your exit plan. Someone with a bit more can crush your wall and squeeze your short shares down to nothing.
People are taking notes.
I hope you came out ok...good luck on the next one!
Ahhh...gotcha. That's cool. If that's what we're doing now, let's throw this one in:
Operating Expenses:
Q3-16: $1,976,000
Q3-17: $284,000 (86% decrease)
As I said, there's solid oversight on managing expenses.
THIS is obfuscation:
News, and that 5m share wall that's been sitting on the Ask for the past 3 days needs to go away.
The massive dilution happened between Oct 2016 and March 2017. It was a HUGE problem then...but that was almost a year ago.
They were at 1.6 billion in q1 of 17. That means they went from 1.6 billion to 1.7 billion in the last two quarters of the period that youre mentioning.
Somebody with a LOT to lose doesn't want this share price going up.
9.7m shares show up as being shorted in one week, huge walls being thrown in the way...this board is attracting attention from people who want to understand what is happening behind the scenes. No doubt about that.
One person may not control the market, but on a stock like this one, a single person can definitely have a material impact on the PPS direction.
NO!! If buys outpace sells, but the price is down 13% for the day, that is, most definitively, NOT good.
The nature of a free market is that, if you have more sellers, the price goes down. If you have more buyers, the price goes up. Unfortunately, in OTC-Land the market is far from being a perfect economical supply & demand model.
Someone has shorted 10m shares...so they have a very vested interest in seeing the price go down. Yesterday...we had something like 4x buys to sells. But the price went down. Today, more buys than sells. But the price went down. Very fishy.
Second day of Buys dramatically outpacing Sells.
...but...Share price still goes down.
AND
Shorted Shares at an all-time high - 9,980,000 shares shorted.
Coincidence? I don't think so.
Nothing like a little price manipulation to finish out the day. Can someone please take a look into this?