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Re: None

Wednesday, 06/21/2017 3:37:42 PM

Wednesday, June 21, 2017 3:37:42 PM

Post# of 108192
I have not posted here in a long time but I have been following the board everyday.

While it is impossible for any of us retail shareholders to guess the precise reason underlying this current downturn (assuming there is even one, in which case it was obtained illegally ), it is certainly all happening based on pre-determined algo trading.

All you need to do is look at level 2. The absurdity of the trading is self evident. The MMs are simply collecting shares from forced margin sales, sales from stop losses, unsuspecting traders and potentially exasperated longs and transferring them over to some unknown entities.

You will largely see 100 share blocks on level 2, interspersed with a few real trades, and occasional massive blocks (25,000, 50,000, 110,000 or some such for weird prices like 6.0255). I guess we will learn something soon. Considering how close we are getting to cash value after this manipulated downturn and how little the platform is valued at, I am guessing the news will be positive.

Volume:
Day Range:
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Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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