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Replies to post #39533 on Decision Diagnostics Corp (DECN)
nonsequetor
12/10/16 10:06 AM
#39535 RE: Johnny_C #39533
Here is an educated guess for you, as usual there was leakage of material non public information. Market makers walk the stock up as a little bit of interest occurs. Then Joe Blow public buys a few hundred thousand shares on the 2 higher volume days. Market makers sell to the saps with either short or with cheaper shares they accumulated. volume dies on day 3 and stock is walked down and mm's either try to replace what they sold from the duped or settle in to new trading pattern. On the 2 higher trading days maybe 300k -400k worth of shares were actually bought. actual buying volume is not what the average layperson thinks is total volume. for giggles let's say 500k shares were bought by the public, that is a grand total of 60k in cash. I guess 17.5 million in monopoly orders doesn't move the needle much.
12/10/16 10:24 AM
#39536 RE: Johnny_C #39533