Green Oasis (GRNO)

[Andrew26]

SSGI is probably the most aggresive MM in penny land, known for excessive (meant in the way they short, not for amount of shares shorted) shorting.
Their speciality is to come to stocks that are after a solid run and usually set a market order to take it down heavily. First time they came to GRNO on 9th March, when they slashed the price by 35 % (from .60 to .39) in several minutes(!!). While that day GRNO returned to 50s immediately, they finished off the job next day with taking it to low 40s. So SSGI was responsinble for 33 % cut in 2 days. They covered very comfortably obviously on ask as they never shown on bid.

This time they tried they same sh!t but in my opinion they failed big time. They couldnt take it that much down, they had to sell/short more shares and their failure was seen also in the fact that they were fishing on bid several times as well.

Its true that first time they caught GRNO after the initial run after call which means a lot of flippers and weak hands involved, therefore it was an easy action for them as usual. This time they hit very strong team, didnt find many sellers and they will have to cover part by hitting the ask sooner or later.

Many people dont know SSGI on GRNO because they simply dont take part in trading it in very most of the days, they just come when they want to do their stuff, so far they spent 4 days on G, not more. But still are responsible for the biggest drops there, isnt that manipulation to the max?