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Re: olandug post# 5880

Wednesday, 05/11/2011 10:34:38 AM

Wednesday, May 11, 2011 10:34:38 AM

Post# of 19899
heys guys, i just wanted to add something to olandugs theory that ETMM put out a bogus 14M share order as a scare tactic. Last week and early this week i conducted a little experiment by trying to place a multimillion share order under the ASK price, then i tried putting a multimillion share sell order slightly over the ASK, just to see how the MM's behaved. When i place the large buy order slightly under the ASK, the immediately raised the ASK, I pulled it and it went back to normal, then i tried putting a large sell order right above the Ask and they lowered the BID dramatically, i canceled the order immediately and the bid/ask returned to normal. I did this becasue it has happened to me in the past with other pinks. When that 14M order appeared yesterday, the BID/ASK spread remained the same throughout. Which leads me to believe that ETMM was using somesort of loophole scare tactic. Because later they pulled the order, and went back to BID to scoop up millions of shares. It looks like they have accumulated a ton of shares. Nothing really surprises me with MM's, ive seen alot of dirty stuff, but we are in pinky land, and this is their turf, they reign supreme, at least in the short term, when we are dealing with extraordinary events that TADF is about to unleash, there's nothing really that they will be able to do. GLTA

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