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Re: matt24d post# 259503

Wednesday, 06/19/2013 6:40:34 PM

Wednesday, June 19, 2013 6:40:34 PM

Post# of 648992
I'm long RNN so don't think I'm here to bash cuz I'm not. That said, I thought that was a paint job of a close if there ever was one. First of all, that 10,000 share order came a full minute and nine seconds after the close. The bid was .4657 and the ask was only .475. That gap will probably be filled first thing in the morning. The absolute best close price should not have been any higher that .475 ask or at least some shares should have been sold at that price. I've noticed that these market makers love to play around with the close on this stock.

Now, as far as the 200K more buys than sells today, that can be greatly misleading. If there is a big seller that just wants out, that seller can control the market by lowering the ask continually throughout the day. That causes bidders to hit the lower ask which looks like buys on the buy/sell data. When stocks go up, the line at the buy window is longer. When stocks go down, the line (demand) at the sell window is longer. Today the sellers were in control and that buy/sell data that iHub puts up is skewed at best.

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