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Re: Perk71 post# 34450

Thursday, 11/16/2017 2:24:48 PM

Thursday, November 16, 2017 2:24:48 PM

Post# of 59571
I'm far from an expert on this, but it looks like someone tried to sell a bunch of 5s in bursts of 100,000 to 3,000,000 shares in order to make it look like there was a widespread selloff and cause panic selling down into the 4s.

Problem is, there just isn't enough volume on this stock right now to make that work, unless said person was willing to run it all the way down into the 4s themselves, but that would seem to defeat the purpose.

Also guessing that block of 93 million shares on the bid earlier was to make it look like there was more of a selloff than there actually was. As in, "OMG there used to be 110 million shares at 5 but now there's only 15 million - panic!!!"

A miscalculation on someone's part. And it's back up to 6 now. Lol.

Of course, now that I say that watch there be another run on 5s.

(Sorry, didn't mean for this to be a reply. Wrong button.)

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