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Re: 9HikeDiscGolf post# 14668

Wednesday, 06/28/2023 10:08:20 AM

Wednesday, June 28, 2023 10:08:20 AM

Post# of 14793
Has to be an insider or someone that just had to have shares and got tired of seeing his BIDs get ignored.
The way the individual trades looked, tells me it was a single seasoned individual.
It doesn't look like any MM stoped him with vapor shares either. They let it run.
With a 450k float, a MM would be a fool to short retail Ask slapping with air shares. No one is dumping. Zero volume for months. That type of shorting has a 48 hour limit to clear the trade.
But what I found odd, how fast the BID rose with his Ask slapping. He had to put those BIDs in as he slapped.Or he doubled the $ amount of his Ask slaps to create the higher BID. He definitely got one looking and bailed his shares.
He Took control of the spread like a champ. He raised the BID to con a few weak hands out and into his back pocket.
TDA would delete your account for doing that. LOL
To up that game, I would have dumped my basement shares into any BID and then used that cash to slap the ask again. You kill your average, but increase the gains on the new shares you just bought. Now you get a few guys doing that in concert and you set off a major retail momo run. Pump the crap out of the stock on ihub momo threads and the $$ pours in as the group exits at the top. Those days are gone.
This thing is so under the radar it's silly.

I'm thinking the Symbol/name change got granted and some insider took a bite out of the float.

I should have averaged down when it was ripe, but all my cash is going into natural gas.