InvestorsHub Logo
Followers 303
Posts 4450
Boards Moderated 2
Alias Born 05/03/2007

Re: Traderfan post# 1613

Friday, 08/09/2013 9:47:22 AM

Friday, August 09, 2013 9:47:22 AM

Post# of 2810
Yep, to claim manipulation (by market makers or anyone else) is to ignore the most likely explanation. Some people sold -- and of course that means others bought, in equal amounts. Market makers don't want to maintain an inventory of a subpenny stock. They started and ended the day flat, or close to it.

The big seller(s) sold a few million shares. Even 5 million shares (if so much came from the "dumper(s)") of a stock at .006 would be a total of only $30,000 worth of stock. A close look at EIPC's filings will suggest some possible candidates. In any event, it need not be seen as anything more than one holder wanting or needing to use those funds for something else in the short term.

As for watching closely... I was watching the trading from 9:30 until 1:45 yesterday and bought a ton of stock through three different market makers. I don't really care who sold them to me, but clearly he/they had a different opinion or time horizon than mine.

.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.