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Tuesday, April 14, 2015 11:42:02 PM
someone is soaking up all these shares, approx 12m since last week in the .08 to .085 range.
(1)
LMAO, don't you and the other CORE members ever have an original thought of your own? I've lost track of how many times your man-child boss, JOSEPH ZAMPETTI, publicized his talking points and then almost immediately you post virtually the exact same points here.
(2)
It is extra funny when the underlying facts are wrong to begin with, so yet you still expect folks to believe that you and JOEY Z came up with the same erroneous talking points independently of each other? LMAO...
(3)
So let's set the facts straight now:
Pretty much 12M shares traded just in the two days of the flash crash. Since the crash began, we have actually seen approx 14M shares change hands.
In addition, I would surmise that logically a substantial chunk of those shares were bought by the MM's themselves as this is what typically occurs during major high-volume crashes because everyone wants to sell and there are not enough buyers to match up all the sell orders -- so, to make the market, the MM's do what they are charged to do and step in to fulfill the other end of the trade. So what this means is that they are likely responsible for some of the selling we are seeing now as they take profits from the shares they bought when the sp was in the .06x-.07x levels.
And, finally, there were several million shares traded sub-.08 during the crash, including close to a million sub-.07. These will need to flush thru before we can break thru .09. And when that occurs, it will simply be because the technical indicators are allowing it to when we see that not only have the .06x-.07x shares have flushed thru but also when a large enough base has been formed here at the .08x levels -- and NOT because of anything to do with SCRC's fundamentals, because absent major positive news, there is NOTHING about SCRC's fundamentals that will have changed since the NT filing came out...
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