MC Endeavors Inc (MSMY)

[retiredMM]

zig

I must disagree with you. Let's all see the action for what it is and what it has been.... there is a major seller out there and when he has the opportunity to sell stock he is going to sell it. Forget MM shakes, forget MM manipulation, forget all of that, it is a seller, plain and simple. No quarter end rebalancing. There is not an institution that is allowed to purchase a .10 cent stock. Even micro caps and even if they were why would they sell this if there so much potential. The bottom line is until the seller is clean, the stock won't be moving much.

The MM activity isn't unusual IMO, what is unusual is the retail action. For example yesterday someone hits the .11 bid with over 75K shares and instead of a retail buyer putting in an .11 bid (as it was sitting at .105 bid) they take the .127 or .129 offering. They pay almost .02 higher than the stock just got hit at. That is what makes no sense. If they went .11 bid they would have gotten hit. Problem is people seem to just want to see the stock print higher. I'm not sure of the logic as P&L isn't computed until you sell your stock.

Another thing I don't quite get is someone trying to buy cheaper so they make it so. So you are saying that they whack the stock in the hopes of buying it cheaper? Is that is what making it so means? This stock doesn't trade this way. The stock usually goes down when ONE seller is out there with some size and then the stock usually pops back up a bit not giving anyone a chance to buy lower.
I say accept the action for what it is, a seller goes out and hits the stock down and it finds a level where it will trade. The reason that there is sometimes a vacuum to the downside is because there aren't a lot of underlying bids. This stock is unusual in that way, investors here are so gung ho about the company that they would rather just pay the offering instead of being patient and putting in orders to buy the stock below the offering. That may still work out for you in the long run but you give away so much profit. That is not trading.