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Alias Born | 11/29/2016 |
Thursday, June 21, 2018 10:39:04 AM
MMs want to short shares at .0998 because they think CFGN won't move above 10. It's easier for them to cover on a large spread if they short at a higher price (duh), so if you let them come down to like .0921 then it puts them in an uncomfortable position.
The reason they come down is to make it look like selling pressure to get the dump, if they actually wanted to sell they wouldn't put it on the ask at .0921 when there is a bid at .092. Buying shares off them when they are down lower does more damage.
MMs are gonna work this slow. They have all day to try to get this under 9, and they will ramp up the pressure at 3:30 like they do every day.
Now you Dwyane me...now you Dwon't
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