InvestorsHub Logo
Followers 24
Posts 3512
Boards Moderated 0
Alias Born 05/04/2020

Re: Johnnycombat10 post# 315701

Tuesday, 07/25/2023 1:40:36 PM

Tuesday, July 25, 2023 1:40:36 PM

Post# of 348634
Very possible they are connected to MM's, basically there is algorithm to walk DBMM stock down. You can see that with the ridiculous spreads and the silly bid whacks sometimes not even 100 dollars sold.

Check out this post:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171582348

I was watching the trading that day and saw the large bid flash for maybe a minute or two, if the poster was serious about executing the trade why not leave it there longer? Because it was never intended to be executed, it's spoofing which is illegal... possibly in order to get a large shareholder to think there is demand and dump his shares.

"The main idea behind spoofing is trying to create a false impression of buy or sell pressure. For example, a spoofer may set a large number of fake buy orders to create a false sense of demand at a price level. Then, as the market gets close to the level, they pull the orders, and the price continues to the downside."