Replies to post #23040 on Alliance Creative Group Inc (ACGX)

[Ricorich]

Very helpful, thanks LlessuK. ACGX

[llessurK]

ACGX trades, Wednesday 11/13/13:

.0026 = 50,000 ($130.00)
.0027 = 1,802,400 ($4,866.48)
.0028 = 82,000 ($229.60)
.0029 = 1,210,000 ($3,509.00)
.0030 = 1,777,600 ($5,332.80)
.0031 = 800,000 ($2,480.00)
.0032 = 201,000 ($643.20)

Total Volume for 11/13 = 5,923,000 ($17,191.08)
Day High = .0032, Day Low = .0026, Close = .0031

A friendly piece of advice to some of today’s small low-volume sellers:

1.) When you undercut the last price on the offer, your block will most likely not get bought out until someone else sells onto the bid first. There is no incentive for anyone to buy on the ask side if it will lower the most recent percentage gain. Most traders who buy on the ask side do so because they want their stock to go up, not down.

2.) When you incrementally lower your offer because it is not getting bought out as quickly as you want it to, that tells the market that you are in a hurry to get out and willing to settle for less than expected. This impatience is also detected by Market Maker algorithms who will proceed to hit the bid using small blocks in order to shake you out on the other side.