Home > Boards > US OTC > Delisted > Supreme Cannabis Co Inc. (fka SPRWF)

re:"This company was worth more WITHOUT the selling

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apostrophe   Friday, 07/07/17 04:37:48 PM
Re: RisingMT post# 23949
Post # of 29174 
re:"This company was worth more WITHOUT the selling license. WTF?? "

Yeah. This is crazy. Maybe we should ask Fowler to give the license back. :)

This is totally artificial. Volume of sprwf was miniscule. Hedge funds (whatever) who want in can take advantage of the low volume to walk the price down. They also know that most of us retail already bought, us being in the know, so, as buyers we already shot off our ammo. Remaining potential new retail buyers (not being that familiar) are going to hang back when they see the price going down.

The way price gets walked down is short larger blocks into the bid until it goes down, cover a little at time when that triggers some retail selling, etc.

In this pre-momentum wide-spread environment, buying at the ask is going to get you short shares that feeds the process. A potential strategy here, if one decides to buy is protect the bid, slightly below, pile on the bid. And step in front of them slightly above. This keeps them from covering and compels them to move their bid up.

I did this recently on another stock. I may have been bidding against a computer algo, I don't know, the "adjustments" came pretty fast. It was kind of funny. I'd raise a tenth, they'd raise a tenth, did this about a dozen times. Time consuming but It was kind of a fun experiment actually. :)




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