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Alias Born | 09/18/2018 |
Friday, January 18, 2019 12:52:54 PM
Indeed , we can sit on ask 6 and bid 5.
but if you lack software, like I do, you cannot pick which bidder to which you sell.
So, one day over 30 days ago I goofed and bought a spread at market. and it caught a piece of my ask. I bought from myself.
this is called "spoofing" . Now, if you are doing that like, with millions or billions on the NYSE with a bluechip, you can do years in a tennis club prison for that.
this of course was a tiny bit of UBQU ….9 dollars worth not counting fees. I was told that I was locked out of trading online for 30 days. I had to call all my bets in via phone, paying bigger brokerage fees. lol, it was during the horrid slow-crash of December 2018, so it taught me even more about patience, and placing better timed and smarter bets.
but I still doubt the whale was making enough buys at 5 to keep up with the sells at 6, in the theory he was selling 200M shares and hoping to catch as many 5s as selling 6s and going on making cash forever on the 5.6 flip, all the analysts were reporting more buys at 6 than buys at 5.
and it does appear finally the asks at 6 dried up. now a fresh bunch at 7. if some of the optimists say that next week we'll get even BETTER news, well then the lid will blow off.
if not even better news, we'll prolly continue to churn in trips.
but with the ambassador program, I still hold if even we drop down into lower trips again, I plan to keep on tanking up. I'll hold one good until cancelled 1mil at trip 5, 2mil at trip 4, 4 mil at trip 2.
but as long as the PRs keep coming, and it's fluff with a sweet seasoning, and no truly sour bad bad news hits and no more downright stupid dilution dumps pouring through bids happen....things probably won't head to trip 2.
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