Replies to post #48605 on Third Bench Inc (THBD)

[DwyaneMcRoberts]

NITE is playing the accumulation game, its obvious.

1st: Place massive bid support at .001

2nd: Place massive ask wall at .0011

3rd: Pull bid support down to .0009 causing a spread in between bid and ask

4th: CDEL slides in with a 900k bid at .001 closing the spread

5th: This is what NITE wants to happen but has yet to, someone dumps on CDEL and overfills the bid into NITE's .0009.


I can't count how many times I've seen this tactic used, it often works, but here it is not, without news NITE will keep trying all day

With news and a few milli slaps, NITE will back off as MMs are ALGORITHMS NOT PEOPLE, they calculate constantly and adjust to work in their favor, right now it is in NITEs favor to straddle the spread and accumulate since it can detect RETAIL MOMENTUM IS GOING TO PUSH THIS based on mathematical parameters such as MACD

LEARN HOW THE SYSTEM WORKS PEOPLE AND USE IT TO YOUR ADVANTAGE!!!!!

[peterpeter]

I invented that trap ;-)