Let me preface my post by saying that I do not believe in any MM conspiracy theories or that some greedy market maker thinks he is getting rich selling penny otc's or pinkies short. There are however instances of strange behavior in their trading which can indicate their 'sentiment' on a stock. In this case, I draw no immediate conclusions from it, but I am anxious to see the month end volume logs anyways.
Here's what I seen that stood out:
0.0015 250000 10/19
0.0017 250000 10/19
trades at 17 hundreths, immediately crossed and ended the day on that 15 hundredths trade
0.0016 707000 10/21
0.0015 707000 10/21
opened the market with the trade at 15 hundredths, immediately crossed at 16 hundreths??
Now here's today:
0.0016 250000 10/24
0.0015 250000 10/24
then this one
0.0016 705000 10/24
0.0015 705000 10/24
then this one
0.0015 1000000 10/24
0.0016 1000000 10/24
and another same size
0.0014 1000000 10/24
0.0015 1000000 10/24
immediately another one
0.0015 100000 10/24
0.0017 100000 10/24
Closed the day on the 15 hundredths trade.
Very strange trading day indeed, and even if any of these happen to be double prints, the fact that there appear to be 5 in one day is in itslef peculiar. For a stock with typically no volume, no market following, and a no-news day, it is just unusual. Of course everyone here knows where i think the shares come from, so I'll spare you all my opinion.
Diamonds or rust?
Robert
There are no good stocks, only good trades.