22nd Century Group Inc (XXII)

[Justfactsmam]

Friday as almost a classic bullish "Hammer"

the stock opened, then at some point the sellers took control of the stock and pushed it lower. By the end of the day, the buyers won and had enough strength to close the stock at the top of the range.

"Hammers can develop after a cluster of stop loss orders are hit. That's when professional traders come in to grab shares at a lower price."

For those who dont know...Beware! When "stop-loss" orders are put in MM can see them...when they get juicy enough they gobble them up drive it down, then they bring it back up to sell to sitting orders they have at higher prices.

Funds are not trading on-line...they have MM working for them or "make the market" too...looking at "stop loss" targets. Fund will put order in. "Buy 50K shares of XXII limit 2.12". MM will aggregate small stocks purchases after they drive it lower causing panic...buying stop losses on the way down and happily delivering at end of day at $2.12. picking up .20, .30 .40 a share...