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Re: Pennybuster post# 484

Wednesday, 02/15/2012 4:31:12 PM

Wednesday, February 15, 2012 4:31:12 PM

Post# of 1435
Odd trading here today. I think we had an MM raid the weak hands in a desperate panic move just as it was about to run to $1/share this morning. 70% of the shares traded today (about 120,000) were harvested at .26 in one minute (at a 50% discount), after mostly buys in the 56 cent range. No one but an MM would dump 120,000 shares like that and buy at the bid all at once IMHO. Not even a day trader would do that unless he had access to lots of cash and the nerve to short it and buy it back, and since there was no candle involved it looked to me like a MM grab to cover prior shares they sold short the past week. And if it was a real seller, why dump it all once like that, just as buyers were starting to buy in volume at the 50+ cent ask this morning?

Ambition with out knowledge is like ship in dry dock. Going nowhere fast!

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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