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Monday, 07/18/2016 4:03:17 PM

Monday, July 18, 2016 4:03:17 PM

Post# of 14577
Interesting trading day today. Did anyone else notice that when 6s broke, there was no MM on ask, and then it was a retail who sold at the bid again, pushing it through? As soon as market closed their shares disappeared off the ask, showing one MM at 7.

There's a retail keeping it down...weird. Why would a retail trader want a non-marginable stock held at a low price? There's only 1.6m retail shares on the bid at 5, which means they could've filled that share demand any day they chose for the last several weeks by hitting 6 and paying a relatively modest premium. In the meantime, they're paying commissions likely bigger than the share value sold in order to keep it down.

Anyone with more experience than I got an insight into this? Trying to wrap my head around it.

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