Lowtrade,
I can see what they are doing. It is so evident in the daily chart of TNOG. They let it go up only to take it back down. Either we are seeing a daytraders dream come true or some serious MM manipulation. Isn't this kind of action criminal? I mean aren't the MM"s supposed to facilitate trading and not manipulate? Let me guess, the answer is YES to both questions but since the SEC is just as corrupt as the MM's, nothing will EVER get done about it.
Whatever happend to supply and demand in the stock market? If people think TNOG is a $1 stock, then let them pay $1 for it? Why all the manipulation? Wouldn't the MM's make just as much profit letting the stock ride and selling smaller blocks of shares at increased prices? Do they make money on a percentage of the capital or how much volume they trade? If it's volume, then I see why the market is so heavily manipulated.
ECP