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Re: Basin Street Blues post# 340791

Saturday, 12/19/2020 2:08:24 PM

Saturday, December 19, 2020 2:08:24 PM

Post# of 703433
BSB -
I have no special expertise in this area (I do biomedical rather than financial research), but here is my take on the two issues you raised:

1) Illegal shorts - No supporting facts that I can see for this, but I would guess there are not a lot of naked shorts currently if there are any.

2) MM impact on price -- Absolutely exists. I think MMs are manipulating PPS both up and down as we wait, moving it in whichever direction maximizes their profits at the time. There just have been too many days with relatively large percentagewise downward or upward movements in PPS on relatively low volume to have real supply and demand alone be driving the price. Although I have always been a bit skeptical about the utility of TA as a predictor of future stock price movements, I have to say that in NWBOs case, Soj and others' TA posts have seemed to predict with some accuracy when the MM algorithms are switching from price down to price up strategies. However, I think the big rise in price in October was actually driven by real buying rather than MM manipulation, based on the much higher volume and the real news context at the time (Flaskworks purchase, assumption of impending data lock). Given the absence of real news recently, I think we are back to having MM algorithms drive much of the daily price changes.
Volume:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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