From my observations, the controlling BID/ASK action can not be discerned by the MM it is channeled through. ALL trades have been run through random channels. Including mine.
It is the price, size and timing that is making the ODD trades. Leaving gaps from the next Ask higher when there is a bit of a run going on.
Today there was a Bid at .103 that was hit and cleared only to have the Ask drop to .103 immediately. When the only Ask above it was almost .03 higher.
Then the 160K block dropped to .1034.
IF this is a retail seller, they are leaving a lot on the table when they are the only sellers for 4-6 cents higher. ANd if they bought in at the 8s recently, they really are letting go of profits.
Now I know everyone trades for their own reasons and methods. But still, not expected retail.
Thus the control game has continued. It is looking to me like the .10 range is the preferred PPS for the share swap at name change.
This appears to go along with the DD presented by Chen and others. (Thank You) Market Cap with Korea and all.
I think this is getting very close to the change over as they are being very strong on keeping the PPS right here.
The plus is there are cheap shares stacked for the taking.
Hoping to see you all in Vegas soon.
