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Tuesday, 11/11/2014 2:36:57 PM

Tuesday, November 11, 2014 2:36:57 PM

Post# of 106844
Holy cow- took someone on an 11% spread. Wow !

.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.