Replies to post #80558 on Mike The Pike Productions Inc (MIKP)

[imiloa]

could be wash trading either in hopes of sparking a rally, or for tax cap gains purposes.
as you know i believe illegal actions take place in every corner of the markets, from MMs to SEC.

but if the same person/group did all the bit trades last week and today, they just lost ~$10k on the play, which seems stupid, and unlikely for folks sloshing around $20k per day.

imo, seems more likely the buying last week was either:
-- buying on leak of info on coming ST/WS/FINRA announcement.
-- short covering due to such a leak.
-- irrational exuberance by people excited about ST rumors.
-- a distributor planning to buy WS, looking to play the resulting MIKP rally on the side.
-- etc...

selling today could be entirely unrelated.
eg: dumping for tax money.

isn't is great being in the dark...