Replies to post #1632 on Enable IPC Corp. (fka EIPC)

[tedpeele]

Ok, then maybe 'big shot' sold 1 million very fast. SO? The point is that he has an advantage in certain kinds of stocks. Illiquid ones that have a value proposition but that don't trade much anymore but have a base that is long and worried. It would have to be a formula, but 'big shot' may have semi-mastered it. It could just be a fun game to this guy, who ends up adding an extra 10% gain to his final ROR, each time he plays out these shenanigans. The impetus? A strong sense that something is about to happen. EIPC has intimated as much... Why is this such a stretch?

[satelliteguy]

Agreed. EIPC is a fairly sleepy stock most days, so I don't think anyone who thinks enough of the company to have a large position would have intentionally driven it below support in the mid-.005s just to try to make a fraction of a penny on a couple million shares. That's not to say that one can't take out an "outlier" bid in the expectation that it will trigger a drop to the next range -- I've done it occasionally with other stocks and smaller numbers of shares, with mixed results. It just doesn't look to me that this would have been a high-probability gambit yesterday.

BTW, the rules changed some years ago to eliminate the double-reporting of volume (by market makers on both sides of the same trade) that used to be routine on the OTCBB and Pinks.