Loading the ask with ones is someone wants this down. Or a group. Cause who buys at 1 to sell at 1. Doesn't even cover your trading fee. I agree with Ed. This can be the play of 2016 or end of 15. If they get deals going and financing nobody can hold it down
I told everyone, but no one seems to want to belive me, that the market makers bought hundreds of millions of shares during last week's spike in volume. Now, those market makers are going to do whatever it takes to sell those shares over the next 40-ish days to retail buyers.
Why would market makers buy so many shares at $0.0001 only to sell them at the same price?
Simple... because they were paid to do it. When the price is already down to $0.0001, financiers can either sell shares below the retail floor of $0.0001 (ex: $0.00005 or $0.000005) OR financiers can pay market makers an extra commission to handle buying of large blocks of stock and selling of that stock in smaller blocks at the same price spread over weeks.
There is no way that retail buyers absorbed 622 million shares in one day last week. We also did not see big purchases of DNAX below $0.0001 so market makers must be receiving their profits through direct fees paid by the financiers.
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