Followers | 377 |
Posts | 17270 |
Boards Moderated | 3 |
Alias Born | 03/07/2014 |
Tuesday, November 11, 2014 2:36:57 PM
.0157 to .0174 (11% spread) on a single buy, uptick purchase of 10K shares.
That's 10K X .0174 = $174 bucks worth.
Then, it sits, parked, flat lined from 12:22 Eastern to 14:08 Eastern, about 1.5 hours, almost 2 hours w/o a single trade.
It then posts a trade at .0157 for 1,212 shares. Yep, 1212 shares? Wiping out the 11% spread from earlier.
1212 shares X .0157 = $19 DOLLARS WORTH. A $19 buck trade? Really? And it's used to create a "down tick" that cleaned out the earlier 11% "up" spread?
Is this Magna I wonder? They got their 9 million shares or whatever already - the $150K up-front "fee" for the credit line (see latest 10-Q filing) and they're most likely starting to get some of the shares (I'd assume) for the $300K/$200K toxic note described in the latest 10-Q filing, so is this now Magna kinda "doing what they do"? I wonder?
These trading patterns IMO, make zero sense. I mean a $19 dollar trade, shaving off an 11% spread back to zero? That's supposed to be a "retail" order like some dude just posted through E-trade or something? Really? I just find that hard to believe, IMHO.
Kona Gold Beverage, Inc. Updates Multi-Million Dollar Merger and Posts Over $1.2 Million in Q3 Revenues • KGKG • Nov 15, 2024 10:36 AM
HealthLynked Corp. Announces Third Quarter and Year-to-Date 2024 Results with Strategic Restructuring, Third-Party Debt Repayment, and Core Technology Focus • HLYK • Nov 15, 2024 8:00 AM
Alliance Creative Group (ACGX) Releases Q3 2024 Financial and Disclosure Report with an increase of over 100% in Net Income for 1st 9 months of 2024 vs 2023 • ACGX • Nov 14, 2024 8:30 AM
Unitronix Corp. Publishes Its Cryptocurrency Portfolio Strategy • UTRX • Nov 14, 2024 8:05 AM
Avant Technologies and Ainnova Tech Form Joint Venture to Advance Early Disease Detection Using Artificial Intelligence • AVAI • Nov 12, 2024 9:00 AM
Swifty Global Announces Launch of Swifty Sports IE, Expanding Sports Betting and Casino Services in the Irish Market • DRCR • Nov 12, 2024 9:00 AM