READ. There seems to be a lot of misinterpretation on the after hours trades. That is a delayed transaction, it is likely NOT a purchase and should NOT be seen as "BIG BUY", "SOMEONES LOADING UP" and other such pumper nonsense. Let me explain to everyone how these trades are formed.
Today BMSN traded from .0073 down to .0047, during that time there was a series of trades that were not reported and posted into the L2. Why or how, who knows, but MM's have been known to purposefully delay certain trades. Now these trades could have been a sell of 5 million at 0.0068, a 3 million buy at .0061, and a dozen other small orders between 0.0073 and 0.0047, all of which were not posted in L2 so no one noticed them.
At the end of the day, the total amount of missing shares are gathered using a weighted average and posted as one larger transaction, but this transaction already occurred throughout the day, and was probably not one big order. Also we will not know how much of that was buying or selling, only that the shares exchanged hands at that price average.
In the case of BMSN, I believe the market makers are trying to mislead novice investors in two things. First, they are hiding volume, likely selling volume. A 80 million share red day looks better than a 100 million share red day. Secondly, they posted the delayed transaction as a buy at the end of the day, making people believe that a "whale" loaded up, when it in fact, didn't.
Both cases indicate that market makers are trying to kill the bleeding as much as possible. Hope this helps.
AI
