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"Loading the ask with ones is someone wants

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Ed the Trader   Wednesday, 04/15/15 07:45:10 PM
Re: Nickyb214 post# 20673
Post # of 58300 
Quote:
"Loading the ask with ones is someone wants this down. Or a group. Cause who buys at 1 to sell at 1. Doesn't even cover your trading fee."

Market makers don't pay trading fees. What they do is buy big blocks of newly printed shares from financiers, and then hide most of them to convince retail buyers that if just a few million more shares are purchased at 1, the ask will rise to 2 and we are on our way to higher prices.

As soon as the volume of available 1's for sale runs low, the market makers pile another batch on the ask. Their objective is not to make a profit on the sale. They have already been paid a fee to handle this selloff. Their objective is simply to get retail buyers to continue to buy more shares.

The good news is that eventually the financiers will have sold enough shares to pay off DNA's debt. At that point, perhaps the financiers, or someone else, will provide DNA management with the funding required to bring their new product to market. Because Mel told another iHub poster last week that DNA still no funding for the new product, it is easy to see that funding availability for a new product has probably been restricted until DNA first clears their existing debt.

So, if you can afford to risk the loss, I encourage you all to buy more shares of DNAX. ; )

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