Friday, August 20, 2010 6:23:43 PM
you probalby can get tons of shares around 0.00005 50% discounted because MMs have tons of shares to sell under 0.0001 which is the minimum ask price to sell from retail traders.
So you bought at 0.00005 and set sell price on 0.0001? You won't be able to sell because you can't set sell below 0.0001 like MMs doing now. This is how they catch bag holders for no bid stock. All buyers since NSPT reached 0.0001 are victims caught for next r/s, becoming average-down force. They keep bringing down the price after r/s, then attrack you to do average-down, and in fact, I promise you, most of you guys will do aveage down buying the going down stock again, which will contribute to trading volume on the stock. I can't think of anything other than this senario for the reason why MMs fix their sell price under 0.0001 with tons of shares. It's short volume waiting for r/s.
The other way to get out is by selling in market order. But then, the settlement price probably between 0.00001~0.00005, which is no different than the price after r/s. So at this point, if you can not get out at 0.0001, you just hold for r/s, once r/s is completed, on next day, you sell in the first thing at 9:30AM.
GLTY
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