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Re: barro50 post# 81271

Friday, 02/14/2014 2:05:31 PM

Friday, February 14, 2014 2:05:31 PM

Post# of 194799
No not new, simply giving those an outlet that feel it is occurring. The “bid support,” by placing orders for PHOT, FITX and other MJ stock for relatively small amounts of shares at prices immediately below the “inside,” or highest, bid price posted by these market makers.
The intended effect of these orders is to absorb sell orders to prevent market sales from causing stock prices to fall significantly. By placing orders at slightly lower prices
than the prevailing bid price, They are creating an artificial floor for the price of these MJ stocks
and “supported” the prevailing bid. Stock bids coming in at 100, 200, 500 intervals just below. Do you watch or are you just posting for fun.