it's the MM software that undercut the ask when someone tries to put some up. works both way on the bid and the ask, the software reacts to any new sell or buy orders and fluctuates according to how ever they programmed it.. from what i can tell they are in "push down" and accumulate as much as they can from the weak hands. then when duo takes off or next news comes out they pull the program and do the same thing but on the reverse side. i played with the bid and ask 2 weeks ago when we were hitting .023, with just 50k share order i was moving the automated app back and forth. it's too funny and with some poking can easily be predicted and manipulated.
this is still a super safe bargain. anything under .02 is a steal for short and long investments even above 02 is a good deal for a long investment
i just don't let these guys steal any of my shares and play the game right along with them.
it's a stupid predictable app, preprogrammed to move upon what orders come in.
poke around tomorrow with some small orders and see what happens, the app doesn't know the difference between a 10k order or a 100k order it seems to react and move the same way, just depends on the price you put.
there goal is to accumulate as much as they can as low as they can while walking it down as far as they can with out selling at a loss (but they will sell at no gain or small loss if it helps push it down) i seen them get shares on the bid and put them right up on the ask lowballing the current ask to literally make no profit on a tiny amount of shares.
if anyone has some free cash tomorrow try messing with it and see what happens
pop a bid or a ask order in and walk it up or down tic by tic and watch how the app scrambles with your every move lol it's too funny
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