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Re: ahab333 post# 44045

Thursday, 04/12/2018 12:42:55 PM

Thursday, April 12, 2018 12:42:55 PM

Post# of 48316
Ahab - true. It is no secret what/how they carry out their mission. Whenever I have free time, I just look at lv2 and record ALL PPS moves by how many shares. It is obvious that when large shares push up PPS, unless there are bids close to raised PPS, they drops it to the all the way down to the next bid price with 100 shares. We can see pps up few cents but immediately drop to the prior price or even lower.

I would say 90% of time, pps stays at the bid price, not at the ask price, another word, 90 % of time PPS stays at the lowest level.

Some may say why they do it? Simple answer is they wants push it down to whatever level they are comfortable to buy, buy, buy and drop at higher price for profit and do it again and again. Some MMs trade daily bases - systematically trade and few cents here there will adds up at the end of the day, especially if they are working on multiple stocks which they are.

Look at lv2, see how many 100 shares out there. Ordinary investors, even tiny retail guys not trade less than $200 worth stocks, they may do several hundred dollars.

If they want to stop PPS to going up, they put in bid less than sitting in price to set the wall and carry on following action to drop it. On those slow trading days, they are completely controls PPS action. Sometimes they bring it up little to encourage day traders to sell.