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Wednesday, October 25, 2017 9:50:09 AM
MAXM showed up several weeks back, "moving up the Bid" which they almost never, ever, ever do...and they parked a support block at .021, like an artificial floor for "someone" to be able to sell or unload, else to help drive the mini-pump that was seen taking place, IMO.
Well, this AM, MAXM is back down now at ONE CENT, and thus the new "hard floor" all just got re-set to .02, really .015 where MM VNDM is parked with their 10K share block (VNDM is a notorious OTC diluter/seller, and never good when they show up, just read other I-HUB boards).
So looks like the MM's can now drop it past .02 if needed and MAXM ain't gonna block it, with that floor they were holding..again.."for someone" who IMO was unloading a lot of shares in the past several weeks...or the MM's were running that little mini-pump, and getting supported to do it...
CDEL parked w/ a big block of 300K on the Ask this AM, so it's loaded heavy to the sell-side, and the Bids like yesterday, are lining up big time in the TERRIBLE TWOS...
Looks weak here then to me...likely to go lower given the past when these "usual suspect" MM, market makers "set the table" on the Level II as it looks now, especially MAXM finally pulling out of their .021 support position and dropping off to ONE CENT.
Posts are only my amateur opinions, personal views and thoughts. They are not any type of investment advice. Do one's own due diligence.
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