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Re: Traderfan post# 1632

Friday, 08/09/2013 2:19:38 PM

Friday, August 09, 2013 2:19:38 PM

Post# of 2810
Agreed. EIPC is a fairly sleepy stock most days, so I don't think anyone who thinks enough of the company to have a large position would have intentionally driven it below support in the mid-.005s just to try to make a fraction of a penny on a couple million shares. That's not to say that one can't take out an "outlier" bid in the expectation that it will trigger a drop to the next range -- I've done it occasionally with other stocks and smaller numbers of shares, with mixed results. It just doesn't look to me that this would have been a high-probability gambit yesterday.

BTW, the rules changed some years ago to eliminate the double-reporting of volume (by market makers on both sides of the same trade) that used to be routine on the OTCBB and Pinks.

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