MC Endeavors Inc (MSMY)

[xtreem99]

What we got here, is-a patient sub-penny flipper/manipulator

been watching the roller coaster,
someone is sitting on buys at .0025ish, and getting filled over a week or so, then sitting on sells at .003+ , basically, your "rinse and repeat"
i have no doubt its a MM. heres why.
before i put in an order bid was .0031, ask was .0033.
I put in a sizeable order at .0031 with an offset of +.0003. (hopefully to break the .0033 resistance and get it up to .0034 basically a market order of .0034)There was an immediate fill of about half of my order at .0031, then i noticed a bid for the exact same amount of shares that had not yet been filled in my order at
.0031, and the ask jumped to .0034.
basically, the MM didnt want to fill the rest of my order with someone else, he wanted to buy the same amount cheaper than my offer, and then sell them to me for a profit. (i know this is how mms make their money, so no flaming me..) my issue is, the second half of my order, even though was up to .0034, (and was processed before the MMs order) it did not get filled. I saw what was happening on L2, and quickly cancelled the rest of my order, and re-submitted a new order at .0031, so he didnt make any money off of me this time.
Just letting you guys know what i saw. hopefully this helps.
by the way, i haven't been sitting on the bid all day, I did slap that ask all the way to .0035! your welcome.
-X