today==> example of blatant MM price walking and price propping. How do I know? because I spent most of the day adding shares at the low.
For example- the price was run down to ".146" area on nothing but mm trading small blocks to themselves. which along the way tripped some stop losses and encouraged the sheep to sell some shares. but no large blocks, mostly small stuff.
we dropped on very little volume and mostly via small block MM trades making it appear as if a selloff were in progress.
I tried to buy the low today and my bid would not get placed. As a matter of fact most all of the ask stack was MM fake shares.
I tried to buy the .149 140k ask and the pulled the ask (it was fake).
Eventually i found a retail seller on the ask and bought a good amount at .149
right after that, the MMs put up a fake "last sale" of .146, a fake bid and a fake ask, based on their own borrowed shares. the goal was to make it seem that "everyone is selling" and "it is going down". the hope is for retailers to step up and sell, and then buy. they make money processign the retail trades.
tomorrow will be more of the same but probably on lighter volume- so don't get shaken up by price dropping on stupid 5k/2.5k tiny trades. retail seller are not selling. MMs want you to think they are so you step up and sell.
remove your stop losses and hold, add on the weakness if you are able.
Buy companies with cashflow, execution & undervalued mkt cap. Don't base knowledge on what someone said on a message board. Don't use stop losses- EVER. Lock your shares by placing GTC sell at high price, MMs & shorts cannot borrow them to affect price.
