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Re: Faltotyq post# 8677

Wednesday, 10/09/2019 9:55:33 AM

Wednesday, October 09, 2019 9:55:33 AM

Post# of 18345
To clarify my statement on the large bid by CDEL.
I was not meaning to specifying that the reason for retail was just because it was put up by CDEL.
As I have been observing and stated in other posts, there has been a controlling maneuver going on here to hold the PPS at this level.
It was more about the amount put up at the time it was done. Also chopping the ASK down by almost .03 gap. Not a usual retail move.
I too have seen my Etrade trades put up by CDEL. And here I have also seen these odd trades put up by ETRF.
Originally I assumed that this odd control trading was being done by a group of MMS collaborating. But after further observation I have altered.
I now think this is only one or two actors using a routing technique to look like it is many different hands doing the control.
In between the odd trading I can watch the usual MM algos happening. Accounting for some of the Asks I was calling buffers. Large trades occurring between the BID/ASK gap and also 5/6 digit trades in the gap. Which I think are share grabbing methods that are then put up in blocks for the hold.
This has been an interesting stock to watch. I have seen indications of routing control on others. But this is really showing the action.

Meaning? --- There is an effort to hold the price low until the change over. I think this goes along with what Chen is saying about the PIPE and they are wanting to start the legal buying as low as they can.

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