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Re: cojoboy post# 9205

Monday, 01/04/2021 4:41:25 PM

Monday, January 04, 2021 4:41:25 PM

Post# of 28549
I can only identify the situation and hopefully explain it in such a way that others can also identify it.

Maybe some thought I was acting inappropriately with the 11k offer last week, but to me, it identified the situation I'm describing clear as day. 20+ years of watching/trading L2 quotes, so I know what I'm looking at. I haven't seen this tactic used so aggressively in OTC, it reminds me of when the market traded in fractions.

Too many variables to say how low they can take it. If we halt or see filings this evening, the situation would be different than if we open tomorrow with no changes. Then there's the good possibility of a company announcement similar to the end of year letter to shareholders. Maybe we get another business announcement like the $20+ million air freight contract from last month. Anything can happen, and when it does, the volume surge will clear all this localized nonsense off the ask pretty quickly. But it will resume as soon as momo slows.



Volume:
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Total Trades:
  • 1D
  • 1M
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  • 6M
  • 1Y
  • 5Y
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