Exxe Group Inc (AXXA)

[davied25]

I've said it before and still looks to be true - the MMs algos for $AXXA are so aggressive from the run up last year when the float was tiny on the change over and they had to naked short to fill all the buying before the TLNUF shares were released. One could say this aggressive nature is true for the OTC in general, but I believe $AXXA is an extreme case. What this translates to is that without certain volume levels being bought on the ask, the MMs will more aggressively drop it down than they might for other tickers because of the past action that has been programmed into their algos. A "large" holder (relative to the current volume at the time) that's selling can play right into this as can our channel traders and flippers throwing their 500k-1mil ask walls. In my opinion, the MMs will continue this until they reach certain share or profit levels needed to "right" their ships from the beating they took last year by making the market this way, or until greater sustained buy volumes forces them to switch their algos, etc. I could be totally off here, but one can clearly see how manipulated this has been over the last 12-15 months.