MabVax Therapeutics Holdings Inc. (fka MBVXQ)

[silkysullivan]

This is classic penny stock MM manipulation

Should have closed at $0.16 yesterday. MM drops it to $0.15 at close. Then he places a comical 100 share AH sell at $0.11. A couple of idiots apparently panic and sell him their shares at $0.12 and $0.13.

Armed with this AH activity, and no pre market this AM, our manipulative MM wizard opens a stock that should have closed at $0.16, at $0.135.

As clumsy and transparent as that is, the question is why? The answer in my opinion is that a large player wants to accumulate at a lower price. So all you who wanted to cash out at $0.16+ are stuck. Nobody is going to cash out at $0.135, except the ones he can panic.

From the MM's point of view if some news does come in the next few days and cause a rapid rise, beginning at $0.135,instead of $0.16 delays our profit taking and ensures at least some ability to accumulate at this artificially low rate.

All in all in is not all bad. Something good is definitely in the works in my opinion. And in the not too distant future.

The last extension on the delist situation was 10/18/2011. Should be 6 months, which takes us to April before that bugaboo returns.

Hold tight while MM screws around. A big jump is coming IMHO.