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Re: Dom13 post# 34672

Friday, 10/21/2011 6:43:14 AM

Friday, October 21, 2011 6:43:14 AM

Post# of 48320
Dom13, good morning I ran out of post yesterday, here is my take on what happend yesterday. in the morning someone bought 35000 shares at .062 fine, then the ask started to drop from there, right? OK now lets look at what could of happend, someone put a order in to sell a few shares cheap .0155 fine those shares sell. Ok now he goes back in and places another order to sell a few cgaq at .014.and sells those. Then he places his third order to sell a few more share at .012. What is this person trying to do? he is trying to bring the price down, why? because what he realy wants is to buy back at lower prices, This person thinks he can cause a panic by selling a few at .012 his hopes are that emotional traders come in and start to sell there shares, as this happens the bid keeps going lower and lower, then this person places another larger order than the previous three orders to buy at a lot lower price than his first 3 sell orders. This trader will always wait for a very low volume days to do this, because a few sell orders could get the ball rolling to the downside. Then once the panic selling starts he makes his big buy. Looking forward to Pour Bouys thoughts coming true on cgaq. GLTA