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Monday, 02/02/2015 10:05:01 AM

Monday, February 02, 2015 10:05:01 AM

Post# of 106839
SUNK it 25% already on a single sell order of about $750 bucks. Holy smokes that was fast.

Wow. Wonder who's stuck in this at .029 from last week- a 30% or so total loss in about 4 hours on Friday.

Today on-open, the MM's got a buy order filled at .02 then already brought the bid down to .0161 in a blink- a 25% loser, faster than one could spit.

This is like stepping in front of a freight train IMO when the MM's are playing wide-spread, lower volume, "gaming it" mode. It can move either way faster than one can blink and these MM's can sink it 25% or more on a $500 or even smaller single sell order many times.

Like high speed gambling more than any "investing" here IMO. Too fast right now for my tastes.

It's gotta be tough staring at a 25% loss about 2 minutes after an order filled- and it's so thinly traded those MM's would probably make one pay another 5% or more on the downside to get a fill if one turned around and went to the sell side just trying to get out of that position they just bought literally 10 minutes ago. Amazing.

They got the spread now at about 6%, after an opening spread of 25%?? Wow, how exactly is that an "orderly market"?? OTC-ville classic on this one right now.

BAMM, there's that perfect 400K spike just brought it right back to the bid at .0161, that perfect round number trade spike on the daily chart. Gotta check the level II MM list, but it looks like the "big boys" (Magna, Asher crew or whoever it is) is back "working it" for sure IMO. The perfect red sell spike- even number lots, 300K, 400K, sometimes 600K, ever day, near the same time, like clock work.