Replies to post #5814 on Hemi Energy Group Inc. (fka HMGP)

[davidmarkblack]

Someone as in an individual trader/investor putting in a six-figure market order so they could buy it at ridiculously high prices over the ask?? Maybe so, but seems awful desperate. I guess if there was no need for any short covering that could happen. But realistically those shares bought in that 5 minute time frame could have been purchased at a much lower price the rest of the trading day.

[Recognizer]

Symbol: HMGP



L2 Quote:
MM on Bid : 17
MM on Ask : 17
MM ID Bid Size Time
HDSN 0.6000 2500 13:01:41
ABLE 0.6000 2500 15:29:57
NITE 0.6000 2500 15:58:09
UBSS 0.5800 2500 15:42:04
MAXM 0.5500 2500 10:21:34
SSGI 0.4000 5000 09:47:32
HILL 0.3000 5000 09:42:10
TRLN 0.3000 5000 14:49:13
VERT 0.2300 5000 10:10:49
GNLN 0.2200 5000 15:52:24
WDCO 0.1500 5000 15:26:21
VFIN 0.1000 5000 11:34:53
CLYP 0.0900 5000 08:28:26
MM ID Ask Size Time
WDCO 0.6200 2500 15:26:21
NITE 0.6200 2500 15:58:09
ABLE 0.6600 2500 15:29:57
CARR 0.6800 2500 15:20:48
UBSS 0.6900 2500 15:42:04
TRLN 0.7400 2500 14:49:13
VERT 0.8900 2500 10:10:49
CLYP 0.9000 5000 08:28:26
SSGI 0.9000 2500 09:47:32
HDSN 0.9000 2500 13:01:41
GNLN 0.9000 2500 15:52:24
VNDM 1.0100 500 09:35:45
HILL 1.0100 500 09:42:10

[lowman]

IMO, someone was aware the report was coming out, called their broker and simply said, "get me $100K worth of Hemi", not knowing what a limit order is.

(hell, the first time I bought stock, that's what I did!)


Nothing seems to make more sense than that.

[zguy]

inverstorstallone, yes, that does make sense. Kinda strange to run the price up like that on yourself but is about the only way I can see things happening that fast.