Oh, might still sink it on the close- they got those little retail buyers on like an 18% spread on the Ask.
But I'm seeing a big ole, once again, near perfect looking 400K block red-line spike sell right into the close it's looking like- like they might of dropped it back near the 1 CENT bid.
3:41 Eastern last trade so far. Lets see if they print a final into the close- and if they use it to drop it on what looks like that 400K share sell block. Almost 15 to 20 minutes not a single trade so far- after they painted it back up to .0124.
3:56 Eastern- and they dropped it to .011 on that big sell block looks like- so it flat-lined for 15 minutes and then a big ole sell block to drop it right into the close. OTC MM's doin thare thang. Down 12%.
3:58:41 and now .0103, down 19% on the day, with some final sells seconds into the close. Wow. They really wanted to plaster it down I guess. But "walked it up" clear to .0124, just prior- on tiny vol, like they were setting the table to print that final, big 400K sell block. OTC MM's just brutal IMO. Amazing but brutal.
And BMAK was sitting opposite itself on the Bid/Ask with two 10K share blocks. Bid 10K .0099 and Ask .0125. Always a 10K share block.
Wow, this is wild trading. These MM's just amazing IMO. 20% swings in a blink- and the sell spikes are the high vol prints, then the buys are tiny but used to open the spread real wide and "paint it" way back up like it was back at .0124, just moments ago. I wonder if they're getting retail folks to bite on those ultra wide spreads and then crushing um down only one trade later, or is it the same MM using tiny buys to "paint it up" when needed? Fascinating?
Amazing to watch, but too much "Vegas" for me personally right at this point. I'd feel like I could get bulldozed as fast as I took a position- the way they're yanking and banking this thing this past week. Really wild stuff.
Pretty rough day for the first Monday after the big presentation and slide show and conference call and all. Not sure what to make of this trading action in here- after all that big news and PR week?
