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AlgoTrader

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AlgoTrader

Re: WHITTENHALLJR post# 8014

Thursday, 03/26/2015 10:59:41 AM

Thursday, March 26, 2015 10:59:41 AM

Post# of 29248
who knows what the MMs are doing here.

From the looks of it there has been about 100mm sold on the bid today and the bid was never showing more than 26mm... 75mm or so in phantom bids that soaked up whatever the hell that was.

If this was another round of convertible debt dumping there was a bid to soak it up. That's my only explanation for it, CD dumping and MMs/Brokers killing them on the transaction fees lol.

NITE is back with another bid.

On that note, however, 100mm shares at .0001 is only $10k lol so probably making a bigger deal of this than it really is.

Pred
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