Business Warrior Corp (BZWR)

[bob4uall]

So how did yesterday's trading work? 3.5MM share volume built up through the day usually @ $0.01/share, and then, near the end, around the same amount traded for a fraction below that. Bid/ask spread was very narrow all day, too.

I'm not saying anything was wrong with this scenario, because I don't know the rules the traders live by. But I would make a guess that the big 3.5MM-share trade was known to be coming. The deal would have been that someone was willing to buy the large lot for just under $0.01 and sell them all for about $0.01, thus making a small profit.

Knowing this opportunity, buyers could pick up a large number of shares @$0.01 without having the price spike. I think that normally, all that buying would have caused the price to spike upward. By the same token, if someone dropped 3.5MM onto the market as a sell, the price could have tanked badly.

So if this was some kind of arrangement, maybe even within just one market maker, the news is that the share price did not move wildly up and then sharply down during the day as the many buys were followed by a large sell.

If other market makers were buying, the fact that they are now in at $0.01 may cause the share price to rise as they would prefer to hold out for a slightly higher selling price. They may get their wish if there is enough demand coming from good company news soon.

Just my opinion, but such large action on a thinly traded stock doesn't look like a coincidence to me.