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Alias Born 04/07/2004

Re: None

Friday, 07/23/2004 11:53:34 AM

Friday, July 23, 2004 11:53:34 AM

Post# of 358439
this is a great little tactic for the MM's

1) supress all buying pressure by keeping JEFF at the ask(don't know what he's doing there, but I don't feel he is shorting)

2) Absorb all the shares you can at .0004 when retail investors/traders don't see this thing moving and dump

3) Quickly pull the bids @ .0004 to indicate weakness and selling pressure

4) Sit 1 - 3 MMs on the bid @ .0004 to absorb all the weak hands dumping after they see the .0004 bid retracing

5) Drop the bid to .0003 and absorb everything you can there

6) create a huge %66 spread which makes the MMs ton of money flipping this as well as stopping retail investors from buying because of the huge spread and an immediate %40 loss if one was to buy .0005 and be forced to sell @ .0003

7) Rotate 1-3 MMs on and off of the .0004 bid to absorb more shares

I just put an order in for a couple mil more @ .0004 - lets see if it gets filled


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