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Monday, April 20, 2015 10:18:31 AM
0.0071 / 0.009 (586000 x 10000)
http://www.otcmarkets.com/stock/BHRT/quote
Well, that didn't take long I guess. But they still have the spread cranked GRAND CANYON wide, so who knows how they're "working" this thing this AM, these dilution MM hedge boy firms.
Wild in here this AM. Opened on $500 bucks worth on a 22% spread and now BMAK slides right on down the Level II to park a 10K share block at .009 which then looks like they just set the "cap" for the rest of the day IMO.
And they appear to be trying to drive the Bid down hard again now.
Liquidity? $500 bucks went off at .0098 on the open and the best Bid is now .007 for those same shares, literally minutes later? Holy cow. That would be a drubbing of a loss in only minutes to unload a whole $500 bucks worth.
Trading much slower and much lower volumes so far this AM, like the dilution MM's are there, but not doing much of their own order flow, at least not yet. Seen this pattern a lot in the last several months though (actually all of 2015 for the most part, since BHRT brought in Magna as their big dilution finance house). It can be quiet as a mouse like this and then start posting 600K or 300K (always some big ole round block) sell orders real fast and jump to the 3 or 4 million avg daily vol it's been doing lately.
Wild ride to open a Monday- fasten the seat belt IMO. BMAK and CDEL, two peas in a MM pod and they're both all over it now to kick off the week again.
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