Mesa Air Group, Inc. (fka MESAQ)

[Wheeeeee]

The AH price move is on 100 shares, so useless.
The end of day irratic moves are to confuse indicators. There are tons of people using scanners. Alot of those scanners use close prices in their calculation.
For instance we were in the red minutes before the close that would have meant a down day, obv being negative etc etc.
Now with this close we see a +21% upday (my platform shows a 17 cent close, google .145 close) which will trigger scanners. Stochastics will have crossed and the close is above the moving averages.

So many systems will notice this. Thats why ever so often the close isnt reliable. You will see it alot also on stock that have been steadily gaining dring the day, but the MMs didnt finish loading up. Last minute they just slam 50k shares or so through. Dont ever forget that they can see all our bids and all our stops.

Painting the tape is lucrative. But apart from the tape painting there is another reason why stock get end of day orders. Big boys often dont want to give away their intent untill the very last moment. This is something you will notice on delistings. Take the russell 3000 delistings for instance. Those were slammed down (in some cases up to 60%) in the last minutes of trading.

I am just posting this as a general remark :)