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DragonBear

07/06/11 2:18 PM

#98366 RE: alien42 #98351

The last second 0.003 close yesterday is

Yeah no doubt Alien that $15 trade (don't forget the $8 commission) is a trend setter. I noted it in one of my final posts yesterday.

Alien in your experience of watching the Greys is that a typical ploy? Jack up the price at the close on some insignificant 5K $15 trade, to make it appear the stock is holding with no loss?

It's a curious ploy. You have sellers at 0.0030 still hoping to get out at that price, with volume support having stepped down to 0.0020. Sooner or later those bargain hunters at 0.0020 will be tapped out. Volume goes back down at 0.0020. With time sellers wanting to get out make the next step down. Guess one could see PPS at 0.0010 most of a future session, only to end at 0.0030 on 5K shares. As long as there is an Ask left behind, it can be bidded into at the close.