AI
Thursday, September 24, 2020 5:15:05 PM
That last price is a beautiful example of pure MM manipulation. The Ask was .0032, but it was undercut to .0031 and the bid was .003, so there were no shares between those two prices of .003 and .0031. So I hit the Ask with a 50,187 share buy, but instead of letting that buy order go through at .0031 and .0032 the MM created 50,187 shares out of thin air to close the day under .0031.
My thinking is that the MM algorithm would cause it to go short after those sells at 3:30,so I waited for the ask to be undercut and proved it by buying shares between .003 and .0031.
My thinking is that the MM algorithm would cause it to go short after those sells at 3:30,so I waited for the ask to be undercut and proved it by buying shares between .003 and .0031.
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