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oldtabbie

05/12/16 9:35 PM

#11017 RE: equijohn #11016

For your information equijohn, I will give my thoughts.Market Makers are trying to hold the price down in order to accumulate on the cheap in my opinion. I currently sit on the bid for 1000 shares at .65 and I am doubful I will ever get a fill. If I raise it to .75 a sale might take place but I will not get a fill.Last week I raised my bid three times to test my theory and the last trade of the day was filled below my bid price.All I ended up doing was creating trading activity that benefited the market makers, with me not picking up one share in th process. Now ,if I offered a buck I would probably get filled but you could bet the price would get painted back down at the close with a small low ball trade. Also if you look at the current bid it shows as .60 and yet I have valid bid at .65. I stand by my theory. MM want all the share sthey can get at this price and will knock down the bid