Replies to post #73185 on Rennova Health Inc (RNVA)

[lowtrade]

Think you misunderstood my question.

I thought you guys were watching the daily tic by tic.

M&M wash trades are used to increase interest.

They often block order low, then sell a point higher, several times, during the day. Then boost the bid/ask, to move direction up and increase daily volumes. Which draws newbe's attention in. This process is usually capped off end of day, with a few 1 tic down block close orders; balancing their book.

So what you see is; say a 2-mil @ .0014 then 10 to 20 minutes later 2 1-mil @ .0015. Or 1 1-mil and a 10 burst trade for 100k. Several times during the day, till close. Often the book balance will be a EOD T-trade or two.

Basically when this trick happens price climbs and volume surges without actually increase of retail buying. But M&M manipulation.