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Re: coolnapz post# 13686

Wednesday, 07/18/2012 5:36:13 PM

Wednesday, July 18, 2012 5:36:13 PM

Post# of 32985
Coolnapz: What "support"?

I'd appreciate hearing you refute Retiredanalyst's comments:

Buy volume was 780,000 shares, sell volume was 8,350,900. The only reason it closed green is the tiny ask slaps at the end of the session. With 2 minutes and 15 seconds left in the session, someone slapped the ask with an order for 5,000 shares with a total value of $9.50, followed by 2 more ask slaps of 2,000 shares with a total value of $3.80 each.

This crap has happened every day this week. A block consisting of millions of shares is sold within the last few minutes of the day and is quickly followed by 2-3 microscopic purchases. I'll bet my boots that Roxanna or other close insiders are dumping at the close each day and quickly following up with some tiny "ask slaps" (as RA pointed out) to paint the tape before the session ends. IMO this is blatant, ham handed market manipulation.

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