InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,127.79
(
1.26%
)
US TECH 100
17,446.00
(
2.17%
)
Dow Jones
38,675.68
(
1.18%
)
Brent Oil
82.93
(
-0.24%
)
Bitcoin
64,119.72
(
0.19%
)
Post# of 349
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (4) Keep Next 10 Report Keyboard Shortcuts
Replies (4) Next 10 Prev Next

TuMaRu

Send PM Follow Ignore
Followers 2
Posts 170
Boards Moderated 0
Alias Born 06/24/2019

TuMaRu

Re: None

Friday, 02/21/2020 9:01:45 AM

Friday, February 21, 2020 9:01:45 AM

Post# of 349
The market makers (if any MMs support OTC stocks that is) in DFODQ seem to be dumping the inventory they had absorbed after Ch. 11 was filed. 170 million shares were dumped at or below 10 cents in the 8 days since filing BK.

Volume since 3rd Jan 2020 has reached 90 Mil shares (almost) with most trades in the 20 and 30 cent range to retail investors. Lot of churn, no real price increase, MM still made a profit of 15 c/share ($25 mil + fees for holding the entire lot of 170 mil for 2 months) and now retail is left holding the bag if this "run" is complete.

Anyone wants to challenge this view?
Public Reply Private Reply New Post
Keep Last Read
Replies (4) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (4) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up