Did you read further down in that article?
“Now, the biggest scam of all that day. Fake bids being placed to buy shares of stock. Take a look at the Level II screen showing the massive bids of over 2.5 million shares showing. Those are there to keep the sellers thinking it might be going higher so they stay back while the President sells all he can. Those huge bids always stay below other bids so they are never actually buying shares. It's all a show, a scam.
After more than a decade working on trading floors, I can tell you one fact: Market-Makers WOULD NEVER show 2,000,000 shares to buy even if they had an order. Never! Showing your large order would cause the price to rise, making you and your client have to pay higher prices. That is NEVER done. What we have here is fake bids being placed hoping to push the stock higher. Why? Because they are actually selling”
Kind of makes one wonder about the bids for 10 mill at .0041 and 5 mill at .0042!!
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