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Re: HowToBeatTheSystem post# 41524

Sunday, 02/08/2015 11:43:27 PM

Sunday, February 08, 2015 11:43:27 PM

Post# of 102952
You're absolutely right concerning bid support and diluting/dumping.

I can usually spot dilution on the L2's. Bid support should hold without too much dumping going on...Especially when the volume is telling me that most of the lower price shares should have been sold already. So every time I see massive support on the bid growing and then all of a sudden BOOM...IT GETS WACKED...I question it. Especially if it happens right after a fake wall is put up on the ask...I witness this first hand with another play last year.


Trust me, I'll be watching the L2's like a hawk for the next 1-5 days. If someone is dilluting it will be obvious now. The charts don't lie...if the float is only 120 mil and the support doesn't hold at these higher levels, then sum1 is dumping freeb's or cheapies.


Time will tell though. :)


Go SUTI :D