I'm not arguing an incorrect point - I'm making a correct observation. It's self evident that there's a one to one correspondence between buyers and sellers - there are no market makers here unless they are broker dealers trading for their own account, which amounts to the same thing. THUS dumping a large bid or ask has no effect - OTHER THAN to communicate to the other side how desperate you are.
Notice that his ask went nowhere. You sure won't get out of a large position that way. With that I agree.
Once again, the belief that there are no buyers is not borne out by the facts. Every day, there have been in excess of 50K shares bid at various prices.
The only reason to buy a stock is if you think it is going up. If sellers keep demonstrating that the minute the bid starts to go up they will jump in and chase it back down, they are de-motivating anyone from buying at a higher price.
I just don't agree with you guys. This is a low volume stock. Market psychology matters. The signal you send by how you trade affects what other people think. If you're a holder of the stock, don't you want the price to go up? Why do you think that is such a crazy idea?
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