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Rentier

06/24/16 10:11 PM

#9717 RE: turks #9715

Yep, I feel so. Those huge volume spikes you see at closing time with no price movement are the MMs declaring their off the market trades for the day. Also, keeping price down so they could burn the naive that bought options. Since, the MMs ones holding the paper on the options.
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Rogerthat1

06/24/16 11:03 PM

#9718 RE: turks #9715

Exactly the case IMO. I've seen this happen in other stocks. Which is why almost always impatient retail ends up sucking up at the short end of the stick when they sell at low PPS due to MM price manipulation. Tutes get in at a discount price and then ride up the wave to make money. Tutes win. Mms win. Impatient retail loses. Even though it's a message board cliche the thought of know what you own still holds true here. All IMO.

Looking forward to seeing price action here over the next several weeks.