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satelliteguy

08/09/13 9:47 AM

#1614 RE: Traderfan #1613

Yep, to claim manipulation (by market makers or anyone else) is to ignore the most likely explanation. Some people sold -- and of course that means others bought, in equal amounts. Market makers don't want to maintain an inventory of a subpenny stock. They started and ended the day flat, or close to it.

The big seller(s) sold a few million shares. Even 5 million shares (if so much came from the "dumper(s)") of a stock at .006 would be a total of only $30,000 worth of stock. A close look at EIPC's filings will suggest some possible candidates. In any event, it need not be seen as anything more than one holder wanting or needing to use those funds for something else in the short term.

As for watching closely... I was watching the trading from 9:30 until 1:45 yesterday and bought a ton of stock through three different market makers. I don't really care who sold them to me, but clearly he/they had a different opinion or time horizon than mine.

SuperC

08/09/13 9:47 AM

#1615 RE: Traderfan #1613

Last comment, always manipulation? It's how a stock symbol sets up for the entire day.. and from your 'screeeeen's I to would have a problem zeroing in on watching both L2/Sales for a full 8 hours, on top of single entries that get passed on as soon as they are NOT tradable.

Are you dizzy? I'll admit it does look professional.

take care

sc