I went looking for all the posts to share but got lost in the rabbit holes. In short, The Basile Law Firm tweeted recently that it was representing half a dozen or so sub penny companies regarding recent abuse by HF/MMs and use of dark money pools, etc. This suit includes pennies you’ll be familiar with.
Then today Better Markets posted news of different penny stock filing suit regarding predatory high frequency trading.
Somewhere amongst all these legal developments, I recall multiple comments made on social media by both value traders and the Reddit WSB apes tribe about their discerning the shift in securities behavior between value trading and OTC/Micro caps and comparing charts that look like twins and quintuplets within each group , even going so far as to label the charts’ price actions to sales made by the HFs/ MMs to illustrate coordinated ladder attacks. Their actions revealed in the chart patterns couldn’t be clearer. Sorry I’m using phone so can’t be more helpful at the moment.
$WDLF Social Life Network (OTC: WDLF) Files $40,000,000 Complaint in The United States District Court for the Southern District of California https://t.co/NmCQSRVLhl via @sociallifenetwk
— Decentral Life, Inc. (OTC: WDLF) (@Decentral_Life) April 20, 2021