Long sellers call it 'bid-whacking' ...
Short sellers call it 'down-ticking' .
Long buyers call it 'hit-the-ask' .
Short buyers call it 'cover ASAP' .
Tomorrow, swvc sellers will call it
'dump All, ASAP, at any price' .
Real-Stock traders + their Brokers call it simply a
'market order' , and they all know that it means either,
"Buy [or cover] at the current ask" [for buyers] , or
"Sell [or short] at the current bid" [for sellers].
Market orders are extra-dangerous in volatile stocks,
especially thinly traded, and/or milli-penny 'stocks' ,
just like swvc, and All other pinkys/pennys/ponzys.
Because, when 1 'market price' [= current bid or ask]
burns out, the next 'price' could be 25-50% worse,
especially for swvc, which will be panic-selling tomorrow,
starting at $0.0003 [or lower], and closing at $0.0001
tomorrow, or Tuesday, at the latest. Then, it may have to
quit trading, and wait for the Reverse-Split. [The converters
won't 'be happy' about that, so the swvc CEO will be hiding,
until it is legal to Reverse-Split, which takes 30 days,
even if Only 1 guy needed to 'vote'. All by himself.
[Just imagine the 'meeting' where the 'we-can't-converters'
'convinced' the plan-man, that 'the plans have changed', NOW.]
Anyway, for safety, we Never use 'market orders' .
We just stay on the phone with our Broker, real-time,
as he down-ticks or short sells, by bid-whacking, until
we burn out the possibly-profitable bids. Then, wait for
$0.0001 , and cover All of tomorrow's shorts, at $0.0001
ONLY. If swvc bounces to 0.0002 , our Broker will just wait
a few minutes, until/when the 0.0001's are sure to resurface.
The whole swvc 'game' tomorrow, and before the Reverse-Split
temporarily raises the 'price' of swvc, is, to :
Get All swvc trading done ASAP, BEFORE the swvc 'price'
sinks below $0.0001 , and swvc quits trading, until the
Reverse-Split temporarily raises the price above $0.0001
extra, Sincerely. Let's see if our opinions pan out.
By the way ; The 1-for-5 Reverse-Split makes No Sense to us.
We expect swvc to quit trading [when it crashes below $0.0001]
early this week. And then, wait around for a month. And then,
re-open at new-swvc = $0.0003 ; and then, be back below
$0.0001 again, within 1 day. And then, wait for the next
Reverse-Split. [The 'we-can't-convert-again' guys may have
to be more 'convincing' at their next bored meeting; where
they 're-explain' to the swvc CEO that they don't appreciate
his 1/5 jokes, and, they are getting personally over-heated,
at the person who is about to take all of their heat.]
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