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Re: Burlaptocashmer post# 26276

Thursday, 04/24/2014 1:40:23 PM

Thursday, April 24, 2014 1:40:23 PM

Post# of 36804
Great summary post Burlapto. We have a very illiquid stock with maybe a couple hundred thousand shares available for trading. As I cautioned last weekend, there are only a handful of stocks on all exchanges that have a lower float than this one after the reverse split, and we have to get used to the volatility. This morning a four share trade for $2.08 took the stock price down about 40%. Then a 20 share trade for $17.80 raised the price by over 70%. Then an immediate 600 share response sell took the price back down 40%.

With these MMs, if you want cheap shares, just put your bid in a penny above the current ask, and then do a couple share ask slap. Then they will immediately dump shares at the bid, so threatened are they by the stock trading at the ask. .