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Re: None

Wednesday, 11/12/2014 5:48:00 PM

Wednesday, November 12, 2014 5:48:00 PM

Post# of 106844
Closed it "up" 6% on a single, 3000 share trade.

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?