Replies to post #6291 on American Addiction Centers, Inc. (fka FTER)

[10 bagger]

FTER.. Aftermarket trade..

Simple.. A sell order had been worked by a market maker and when it was the end of the day the market maker bought stock to replace the stock he had shorted against the order.. Happens all the time.. The market maker had prob. been the seller @$0.084 and paid $0.083 for what he had sold.. Late prints are usually balance up prints and are done after hours so they do not change the actual closing price of the stock..

Usually if the stock trades away from the order the market maker will balance up sooner (during the day in a fast market) so the print does not to cause a disruption in the price action of the market.. The sell order may or not be completed as it was treated as a late trade so the price disruption did not occur..

The prior day I had my order in for 50K @$0.0848 and it was used as a backstop against the order.. Infact some stock traded @$0.0849 by some trying to step on my backup bid. Because I removed my bid the next AM the stock was offered @$0.084 because there was no backup bid on the books.. At present I have seen no backup bids on the books and market makers will be reluctant to assume any position without an out because of the recent seller..hank

[Probart]

Some 605k shares were added to the float, smart people are accumulating them, the MM's will do it too. There might have been a all or nothing order to buy at that price of .083 and the mm,s will "accumulate" them during the day at that price for that buyer an put it through as one trade. Just last week a friend of mine did not get filled on an order all day above the ask. Or it could be covering of a short position by the MM.They do weird things that we cannot see happening. Bottom line is we have to churn through those shares, and then only can the price go higher.