On the 27th, I tried to run it up above .05, I kept getting small ghost orders on my ask slaps.
I think there are a lot of Orders set below 5k shares not to be seen. Or a bunch of small AON orders just below .05
It’s not as thin as you might think.
If a group of 10 or more guys poured in and each hit with $2k, this would fly above .25
Do a two day attack and set off a frenzie of retail chasing in. Lord only knows how high it could go.
The attack group would kill it back down on their fast exit.
A good attack would create a few MM squeezes. It would need to last over the MMs 48 hours to cover trades.
It would take a few $100k, MMs have $Billions, and unlimited amount of vapor shares.
It’s all about who has the bigger balls.,