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Re: Jazz5 post# 87749

Wednesday, 09/25/2013 3:22:49 PM

Wednesday, September 25, 2013 3:22:49 PM

Post# of 380514
I think a retail trader is using NITE and ETRF in two separate accounts. They have a large amount of shares and they trade between accounts to manipulate the price.

They put up a large block to discourage buyers and sweep up what they can on the bid as they drop the offer at the same time, giving the appearance of selling pressure. It's working to their advantage for now because no other buyers are taking large blocks out from the offer. Just my opinion of what's going on while monitoring L2 patterns.

NTEK is solid either way. Huge news today, can't hold this back forever....
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