Tuesday, July 29, 2014 2:46:19 PM
Taking a closer look at the chart, you can see how the MM reached the exact number of shares traded at an "Average" .0003.
He used his pre-market (actually Form T) trade of 250,000 shares to lump in with his naked shorts of 13,242,400 to get an "Average" trade (Buy to Cover) of 13,492,400- the amount the insider dumped at .0003.
Again, the pre-market 250,000 Form T trade shows as a buy, but only because the MM executed it at the "Sell" price from the day before, thereby serving a dual purpose by upping the opening price to .0005. The opening price HAD been .0004, reflecting the price of yesterday's AH-reported Form-T trade of 13.5 MM shares.
These trades are not seen in real-time in Level 2 (although the "Average" trades ARE added to the Volume) and do not impact the "Hi-Low" for the day, so unsuspecting traders are not aware this is going on.
REALLY SLEAZY!!!
BTW, the MM almost NEVER holds a short position overnight. He "flips out" ASAP, as seen in today's flip of 13,492,400 and yesterday's Form-T AH-reported trade.
Oh, what a tangled web we weave... Careful, all...
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