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Re: Tiger Money post# 20119

Friday, 09/11/2020 7:10:18 PM

Friday, September 11, 2020 7:10:18 PM

Post# of 44690
I completely agree

Today, for the 2nd time this week that I happened to see happen, the MM with the symbol INTL in the level II showed only 1k shares available at 0.558. But I literally watched a couple hundred thousand shares get bought at the price. NITE and CDEL also joined in holding it at that price for a long time as even more shares were bought. Then INTL sat there again showing only 1k at 0.558 while tens of thousands were bought.

But the worst part of the day was once they finally let the ASK rise to 0.57 they did the same thing. Many hundreds of thousands of shares were bought in the last few minutes today at 0.57 including........

391,959 bought at 15:54:10
50,000 bought at 15:55:08
50,000 bought at 15:55:23
231,060 bought at 15:55:38

But after all those solid buys, in less than 30 seconds and on very thin volume the MM’s dropped the bid to 0.558 and the ask to 0.56 with an eventual close of 0.554.

As far as I’m concerned that’s the second time this week the MM’s screwed us at days end when we had some solid accumulation happening.

After weeks and weeks of no news that was expected long ago on partnerships this type of price action is very frustrating. But I fully intend to have the last laugh when this blows up and the PPS goes crazy