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Re: Doublebogie459 post# 10889

Monday, 01/23/2012 7:35:13 PM

Monday, January 23, 2012 7:35:13 PM

Post# of 54436
Next time you find yourself with some left over change like that and the spread is wide and thin on the ASK side. Place a BID buy right up tight to the ASK. It tightens the spread and makes it a toxic buy for those looking to just feed the BID. I like to make the size only 5K so the MMs have to paint it. This can sink a dumper. That 35 dollar trade will cost him at least $7 and that takes a chunk out of what ever he is gaining. In fact I like to set a few of these 5K BID bombs. If the pps is low enouh, it actualy cost a guy to sell his shares. Yes it sucks and dirty little retail manipulation, but just think loseing 5K shares at a loss and then there are no more in the order to fill. He has to create another order or just let the order ride till EOD. I tell ya it does more good than buying the AsK. It brings the BID up and both have to come up to get the stock up. Or you just get wide swings. You still get the shares and the dumper loses all his and then has to pay.
I wish I had $10k to throw down in here. I'd place my order at .05 and see how many ask orders I take out. Now thats fun.I use NITE and he would start buying the painted ask till they are gone and move up to the next and the next till I'm out of cash, or I start to take on .05 and run out of cash or shares to be had. Then slam A big buy on the BID side to bring up the BID. Do it with 10 or 15 min left on a Thursday and watch a GAP get created on Fridays open. No one would have a clue, Ya might even ignite a momo run.