InvestorsHub Logo
Followers 0
Posts 20
Boards Moderated 0
Alias Born 08/02/2017

Re: Poor Trader post# 2863

Wednesday, 08/02/2017 1:31:01 PM

Wednesday, August 02, 2017 1:31:01 PM

Post# of 8753
Best of luck getting a fill. I couldn't get anything until I finally moved up to $.005, and I believe you gave me those shares.

Did you see that 100K on the bid at $.005? It filled very quickly, then the 10K at $.0048 got hit, but it's stayed there... and now the 100K from $.005 is on the offer at $.006 (bringing it down from $.0065). A blind man could see what's going on here, but it won't stop without more bidders.

Someone may have picked up 10K shares at $.0048, maybe, but the rest of it was just shuffled between accounts I'm sure.. this stock is being walked back down again without giving up any shares to outsiders (all for the sake of painting the tape). At least we know they don't really want to sell at this price (they want to shake others out and accumulate, just like you and I), so that's good I suppose.

Based on what I've seen over the past few months, that $.0048 will probably be taken out or just vanish, the spread will open up wide again, and then your $.0032 may get tapped with a few hundred (maybe even a few thousand) shares, or they will just join you on the bid first and you won't get any.

To someone who hasn't been watching, the chart looks like sellers are unloading and this stock is steadily dropping, but it's all an illusion. It will be interesting to see if they take out the 100K at $.006 today, or settle for a 4% drop and wait until tomorrow to push it down further.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.