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Thursday, April 30, 2015 10:17:40 AM
The day's trading range already on the I-HUB chart display and the OTC site itself has the range as .0049 to .0069 ?
0.0052 / 0.0066 (132000 x 172000)
http://www.otcmarkets.com/stock/BHRT/quote
Current Bid is only .0052 so the spread is cranked wide open again with these MM's. The only one showing Bid at .0049 is good ole BMAK. Like they took a spike down this AM all the way to .0049 ? Remember yesterday, the MM's took out all the .006's for a while and had it bidding in the .005s for quite a long period during the trading day- they only "painted the tape" on a very small trade or two right at the close to bring it back up end of day to .007, otherwise it spent most of the day down in the low .006s
These MM's are stepping all over this thing this week- and now the ultra wide spread mode too? The volumes have been below the daily avg- which from watching this for months is usually when the MM's "game it" and crank in the ultra wide spreads (it can swing +/- 15% or more in a blink, like one small trade of $100 or whatever) and then it flat-lines too. Yesterday is went several hours in the afternoon w/o really a single trade or at best, a few very tiny trades- it just sat, not moving almost all the last 2 hours of the day until moments before the close.
Where's the bottom? When an MM can just take it down to .0049 this AM, and the .005's on the Bid yesterday, I don't think I'm seeing any bottom yet, not by a long shot. Who knows if someone steps in and wants to sell a decent size chunk here- what would these MM's do with the price then? They might run this through a down-spike crusher like they did recently on the 20 million volume day that made the now all, all, all time low of .0045
What would the next all, all time low be? The .003's are next perhaps? Who knows IMO the way this is trading right now?
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