Followers | 377 |
Posts | 17270 |
Boards Moderated | 3 |
Alias Born | 03/07/2014 |
Wednesday, November 12, 2014 5:48:00 PM
http://www.otcbb.com/asp/Info_Center.asp
Depth/level II tab:
At 15:38 Eastern is was down at .0157
Then, at 15:41, 20 minutes before actual market close- it posts it's last trade of the day, a single trade for 3000 shares at .0170 to swing it about a 12% spread and cause it to have closed "up" a full 6%.
3000 X .0170 = $50 bucks. Yep, a single $50 trade swung is about 12% or more to "paint it up" into the close.
Man, someone is really, really "working" this one IMHO. I just find it hard to believe that some retail buyer just needed $50 bucks worth so bad, end of day- that they paid a 12% or more spread to get those shares? Maybe it's possible, who knows?
But it looks to me like another micro-order from some pro trading desk being used to swing the price around to where they want it to be. What's dropping $50 bucks on a trade, if it's being used to set up or close out some larger positions from today or for tomorrow?
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