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Tuesday, April 15, 2014 4:07:50 PM
cdel is a piece of shit.. always throws up a huge block to drive the bids down, and then accumulates on the low-end
that's why bid sitting is a bad strategy, it plays right into the MM's hands
the only way to move the pps is to take away cdels shares.. bid sitting does not accomplish that.. nite will sell to a bid sitter, but cdel will not
so cdel wins again, and picks up another 600K shares (0062), while only "losing" 100K of their 2.7 mill wall...at 0069 (they've already made profit on 1/6 of their "buy")
then they disappear and wait for momo to slow.. and then they do it over again
its not manipulation, its bid sitters who think that every sell is also a buy (not true).. why not just give the MM's a can of gasoline and a match?
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