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only 5m to get to 9...
Every single part of that is wrong.
First of all, there was only 1 trade at 6, and it was for 63,165 shares so no.. people clearly aren't "buying at 6."
Second, if they were sells, we wouldn't see the price jump like it has been. That's called stock trading 101
Third - the numbers reported in the volume column?? Yeah.. That's called volume. It's real.
Fourth, you can tell from the trade sizes that these are real people. There are odd numbers. The numbers correlate to people putting whole values in + commission (like $260). Only real people do that. MMs shift even amounts.
Fifth, again... those 8s are not sells. If they were, the price wouldn't be shooting up on relatively low volume as we see here. This is beyond blatantly obvious and one of the most basic aspects of trading.
Sixth, it is not a typical day MMTE land, because we've been churning under the 50d for 6 months now w/only brief pierces throughout that time frame, and today is one of those ATYPICAL days where we are piercing it. Clearly this is anything BUT typical.
Seventh, as pointed above, this is not typical, therefore it is, by definition, changing.
Literally EVERY SINGLE PART of that report on MMTE's current trading was 100% inaccurate.
Actually, I stand corrected.. It was, in fact, laughable.
IMO, they've been wanting it to move for awhile now.. they way they're positioning.
Ask reduced by 3m shares (9s)
we smashed through the 50d!!!
MMTE breaking 50d on high vol!
9s posting!!!!
I guess that's why we finished up a point today!
If we go up every time there are sells, then bring on the sells!
I only see a little over 7 mill...
Nice trading this morning. UBSS is stacked a bit on the ask, but other than that, the L2 block sizes are pretty small.
Let's have a good day MMTE!
UBSS 0.0007 340
ETMM 0.0007 31980
HDSN 0.0006 -26386
NITE 0.0006 -29736
UBSS 0.0008 -31661
ETMM 0.0008 500
NITE 0.0008 3000
HDSN 0.0011 50
MERQ 0.0012 50
CSTI 0.0012 50
Hmm.. taking a second look @ L2s.. it almost looks like the MMS are trying to push this to 12... you don't usually see MMs skip a position (11) and then stack up at a later number. Just random thoughts, but it would be very nice to see. I think a lot of ppl watching this on the sidelines would jump right in if that were the case.
It's just basic trading.. there's a bid and an ask, and the stock trades at those prices.
And there's MERQ hiding his block size again...
Could MMTE pursue everyone who says something bad about the stock?? Certainly not. However, based on the countersuit, there are entities out there that MMTE feels strong enough about to sue them and they are taking that to the next level.
Of course it would be unwise to go after every single negative view against the company, but some entities pretty much hand MMTE a slam dunk case and it would be foolish not to capitalize off of the obvious defamation campaigns on ANY public outlet (forums, sites, newsletters, etc).
Back when Brian was running the circus, I know he talked about litigation for several different scenarios. I personally thought he was a bit too over the top, but again, as per the counter suit, we can see that when MMTE's bluff is called, they will go to bat.
They wouldn't bother w/the legal fees if it was a counter tactic. MMTE answered all the claims against them, and then brought proof against an individual that used public means to manipulate the price through lies and false information.
I hope MMTE takes that course of action against all trash that repeatedly uses public means to spread misinformation about the stock.
I'm just happy MMTE/WL is actively_suing people who_defame_the_stock.
It speaks to the integrity of MMTE.
Showing 6/7 on L2s. Those_5s_must_have_been_buys
That's interesting, considering that MMTE's position has always been that there will be no RS.
Considering WL/Brian/MMTE fb have all said they're in acquisition mode, it's really no surprise that they haven't gone through the other stages.
It's called a business plan.
It's like looking at a local drugstore that publicly states they're building up their on hand inventory, yet comparing it to a franchised global conglomerate. No surprise... they're two different stores at two different stages of their business plan.
Good to hear. I'm seeing a full list on my L2s now as well.
I only see one MM on the L2s.... something is wrong here..
I don't see anything either...
Wouldn't mind seeing those huge buys like yesterday run us up to 9 :)
wow.. bid is extremely stacked. Looks like a huge support.
Looks like UBSS just jumped on 7 w/a small amount
ETMM 0.0006 20000
UBSS 0.0006 -7028
MERQ 0.0006 50
NITE 0.0006 4550
ETMM 0.0007 -27390
UBSS 0.0008 -14376
NITE 0.0008 7588
HDSN 0.0011 50
8s posting
B/A @ 6/8. No sign of MERQ on the ask.
I'm hoping yesterday's closing volume kicked him off.
No clue where that ending vol came from but I like it!!
We want the 50d above the 200d which is @ 17 right now.
But breaking above the 50d is a good support. We've been riding under the 50d since the end of April, and now we're getting close to breaking it. Great sign from a TA PoV
50d is currently 8
Well I guess that answered your question...
!^$*@ MERQ....
What he does should be illegal.
MERQ is sitting on both sides right now.
To be fair, it was only at .0004 for 500k shares, which is less than a footnote even on low vol days.
Ah yes, very good point to make...
While we all saw the craziness over the weekend in light of the counter suit, it is relevant to point out that governmental offices are closed today for the holiday, so the magnitude of action (good or bad) that we expected to see today will be diminished.
With that being said, we're already having a decent day in terms of volume, so it's looking pretty good IMO
He is cloaking his size...
That's what MERQ does...
MMTE L2 update:
ETMM 0.0006 -8686
UBSS 0.0006 21586
NITE 0.0006 14188
HDSN 0.0003 5000
MERQ 0.0003 50
ETMM 0.0007 15156
MERQ 0.0007 10000
UBSS 0.0008 -6917
NITE 0.0008 -1655
HDSN 0.0011 50
CSTI 0.0012 50
6 and 7 both thinning... UBSS got bought out of 7, and I just saw 8 jump up quite a bit...
Going off earlier numbers:
6 - 7,052,600
7 - 2,515,600
8 - 5,921,400
Getting some bigger hits @ 7 finally!
EDIT: Also, it's important to note that these are odd numbers, which means they're probably single sales to people, meaning they're probably new people.
That's just a problem w/the L2s I use. I think they have a max number... for instance, their L1 is: -30686 x 17213
While scottrade's is: 5675266 x 1721300
It seems that after 2,606,600, they roll over and go negative (and they don't show the last 2 digits), so if we look at the total stack for 6,
ETMM 0.0006 -30686
UBSS 0.0006 -8784
NITE 0.0006 14188
it's really:
ETMM 0.0006 5675200
UBSS 0.0006 3485000
NITE 0.0006 1418800
And the ask is:
ETMM 0.0007 1721300
MERQ 0.0007 1000000
UBSS 0.0007 796900
So our total stack is:
10,579,000 @ 0.0006
3,518,200 @ 0.0007
Bid VERY stacked, ask kind of stacked:
ETMM 0.0006 -30686
UBSS 0.0006 -9784
NITE 0.0006 14188
HDSN 0.0003 5000
MERQ 0.0003 50
VFIN 0.0001 50
BTIG 0.0001 50
CSTI 0.0001 50
ETMM 0.0007 17213
MERQ 0.0007 10000
UBSS 0.0007 7969
NITE 0.0008 50
HDSN 0.0011 50
CSTI 0.0012 50
BTIG 0.002 50
VERT 0.002 50
I think there's a decent chance for a lot of action today.
For anyone that can get their hands on the countersuit (which will NOT be posted here), it's plain to see that MMTE is battling straight on and takes the integrity of their company seriously.