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Tuesday, November 11, 2014 12:23:18 PM
That's 4000 X .0157 = $63 bucks worth, to wipe out a greater than 5% spread, they used on open, which took 1.5 hours to even get that single, opening trade?
Amazing IMO. This one's trading "strange" to say the least. Pretty much ill-liquid looking here now. Wide, wide spreads, almost no volume and micro dollar/volume single trades that can swing it 5% to 10% in a single trade.
When it's done this "mode" in the past, I wouldn't be surprised in the slightest to see a day where it dumps off real hard, like down 25% plus or something, to like one cent, in a blink. This "mode" it's in right now, IMO, is how that's typically happened in the past- it goes wide spread, ultra low volume, nearly ill-liquid, than bamm, big price drop is coming.
Just speculating from past patterns. Who knows at this point for sure?
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