InvestorsHub Logo
Followers 34
Posts 4653
Boards Moderated 0
Alias Born 03/18/2013

Re: None

Friday, 06/21/2013 7:46:57 AM

Friday, June 21, 2013 7:46:57 AM

Post# of 183633
Why MM Show 4m plus ASK?

We can speculate all we want to about Shorting, Naked Shorting, double counting trades, etc but something as simple as 2 MM showing their hand at over 4m on the ASK at .003 is clearly a sign that they are doing this for a reason.

Most of the time MM that have a large position to move will not show their hand and only show small quantity on the ASK, which buyers will nibble away at over time, never seeing the large amount that the MM is actually trying to sell. Same thing with MM that are trying to buy a large position, they don't want to show their hand as potential sellers will move off the ASK to get a better price etc.

The only reason MM will show those large trades is to influence the market to benefit their position. They are attempting to PLUG the ASK to force any potential sellers to sell at a lower price and any potential buyers to lower their bids as the ASK is not going to run away from them with 4.3m for sale.

I believe that the 4.3m are being offered SHORT and the MM that are doing that are themselves SHORT and do not want the price to run away until they can cover their position.

Fact is none of this will matter over time as PVSP becomes cash flow positive and fundamentals will begin to rule once again.