Yes, that's the general idea, but if you look at the L11, no one would be alone at the .0005 or .0006 level all day...approximately 200mil shares have been traded between the .0004 and .0006 level today already. If I bought say 5 million shares, then turned around and sold five million shares the same day, which would equal 10 million shares, that's only 5% of total volume...And of course it wouldn't be sold in one giant block. Perhaps 5 million shares spread over 5-1 million share blocks (for example)...Now you have 5 orders on the ask...Each day trader has their own personal strategy...I'm generally not an active day trader, but I know how it can be done, and the high volume tight range trading suggests to me that it's going on quite a bit here. If you're long and have done your research, it won't effect you at all...No MM can stop a bullish stock, and why would they want to? They make money off of it to! The fact is the long-range charts show that were in fact not in a bullish trend, but are rather treading water if you will...If there's great potential here for the company, then just be patient and don't watch the day to day movements or it will get frustrating as hell with the volatility.
If you believe it's being highly manipulated by MMs, (I haven't followed the stock enough to say otherwise), watch the pre-market and first 30 min or so of trading. If trading is going on Pre-market, then the stock opens and or drops consistently in the very beginning of the day, then you can be sure that the MMs are being active or underhanded (pick you term). We can't buy this stock pre-market--a big sign--and if the price pops a little in the very beginning, people often jump on the wagon and that's when MMs pull the trigger causing a stock to plummet early on...but if this is the case, you'll see a correction fairly quickly and the PPs will pop back up (accumulation by everyone including MMs)...That's the easiest way to follow any MM manipulation. This applies to an average trading day (no good or bad news). Hope that makes sense.
And yes it can be done, I flipped in the .0005, to .0006 range twice last week. I'm on the sidelines watching at the moment...Looking to take a long position but I'm not going to gamble with that until I know more about the Company, Share structure etc etc.
