Tuesday, May 14, 2019 7:20:50 AM
What that is all about is a guy selling small amounts on the bid 7k worth to bring the price down. Then he jumps some down on the ask and loads up that - to make it look like there is a lot of sellers. Then the week hands look at it and say it all looks like a lot of people are trying to sell, I better sell mine and get out.
A.k.a. the ShakeOut...
It's a whale trying to get as many cheap shares out as he can he really doesn't want anyone to buy his shares on the ask he just put some there to make it look like people want to sell cheap so people sell into him.
I'm not going to support any more on the bid I'm just going to take out the chunks when they get cheap enough on the ask.
I'll just keep on flipping and day trading on my other stuff, take the profits and put them into $pbec shares when I can..
I haven't sold one share yet, and I won't be selling any for a long long time.
Good luck, get them as cheap as you can..
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