Worlds Inc (WDDD)

[Rainmaker80]

I would agree with that. I checked the volume since March 18th yesterday and it was around 44 million if I recall correctly. Given there was 31 mil shares left on March 18th I would think they are close to done but we won't really know for certain.

Anyone watching level 2 should watch the trading carefully. Yesterday was a perfect example of what I said prior, alot of spoof (fake) bids to get retail to bid over that price so that the seller could sell at a 'real' market price to whomever they have negotiated the sale with.

Things to look for

1. Time stamps of both bids and asks. One has to ask, how is it that for months there are both a bid and ask showing up with time stamps of the exact same time? LOL Beyond coincidence

2. Look at how large bids are well off the ask and often if even very close won't push up for their shares even if the order is for 100k shares and the cost differential is 0.001 = $1 lol....clearly that bid isn't 'real'

My past commentary below

Seems there is an agreed upon price that the big buyer will purchase at (definitely seems to be someone soaking up alot of these shares) unless market dips below that, which may be the reason we see the spoofs out there, trying to maximize the price for the seller. By creating a floor, a retailer sees the bid and realizes they need to bid up / over that spoof to get shares. Thus, it creates a floor for the seller (prevents market from going below what the agreed sale price was).

This view likely explains why some were angry when I suggested those here lower their bids. My guess is that the price "agreed to" by the seller, locks in a decent return for them. My guestimates of their break even seem to be pretty close given where the vast majority of block selling is occurring. This view is likely that cause of why some seemed threatened by me suggesting longs lower their bids below that break even guestimate. ie if a long didn't bid up and someone hits that bid then the price at which they agreed upon to sell that block may be adjusted downwards affecting the sellers returns. Funny how emotions regarding seemingly innocuous (and clearly helpful for longs) posts can lead one to what is really going on if you think logically!


It is also the reason a few kept suggesting the 'covert was done' and there would be little downward pressure as a result.

:)

Love being right! Hope I saved others some money as well! And lowered their risk exposure as a result!

Current Bids

ETRF 0.012 263100 06/03 (seems to be a spoof)
ARCA 0.0111 20000 06/03
CSTI 0.011 10000 06/03
NITE 0.0101 10000 06/03
CANT 0.0085 250000 06/03 (definitely a spoof)

Basically the MM wants people to bid at lease 0.086 but preferably above 0.012

If you recall, I said the area the seller will still be making a profit was between 0.01 and 0.012 from my estimation and that people should bid below 0.01

That assertion was met with anger from our MM friends on this board.

Funny how the bid ask can tell a story that concurs!

At the end of the day no need to chase for shares from someone needing to sell and no catalyst.

Friday was a perfect example, hardly any volume, alot of spoofing going on, no buyers then late in the day we see the ask being walked down, and down and down.

Finally we saw 800k ish shares traded in the last hour as the seller wanted out. And at a much lower price than earlier in the day.

The game is to get retail to bid up, to chase, but if you wait, they will come right to you!

Hope I was able to help some here lower their average cost!