News Focus
News Focus
Followers 26
Posts 3083
Boards Moderated 2
Alias Born 04/07/2004

Re: BeaverDam post# 75123

Wednesday, 08/11/2004 12:14:06 PM

Wednesday, August 11, 2004 12:14:06 PM

Post# of 359167
she's not argueing that there is no retail buying. She's simply saying there is one big seller and he has something like 100 billion shares to sell.

Now he contacts 5 or so friendly MMs and tells them he has alot of stock to move and he wants to do it 'quietly'. So he negotiates to sell them big blocks of 100 million or so @ .00038 and they inturn post those shares on the ask @ .0004. This would be a good way to take a large amount of shares and spread them out across the ask.

But that does not explain why JEFF has been the sole MM on the ask for months. He seems to make it blatantly obvious that he has alot of stock for sale. That is the main reason I don't feel this is happening.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today