Replies to post #21069 on High Wire Networks Inc (HWNI)

[koen2]

Just a MM profiting from the lack of bid support at some point in the day.

350,000 shares bought at around 0.68 from people that moved there bid up to buy at the ask.

So when bids are druying up because people are to eager to get in .You get this temporary vacuum in the market.

Just buy at the dip.

[Gantor50]

I don't have L2 so I can only tell you what I think I saw via realtime quotes from my broker.

The volume slowed down, just like yesterday afternoon at this time. The MM saw a big block purchase order of 30+K shares with a Bid at .60. If the volume was still super high like this morning the MM would have ignored it. But with light volume they decided to drop down the Bid to .60 on 2 trades, totalling just over 3K shares.

They picked up the order for 30+K shares at .60 and then went back to normal mode. Some small retail investors were able to capitalize from that drop in price by piggy backing on the drop for the 30+K block purchase.

Current Bid / Ask is back up to .63x.66

Again, this is what it looked like to me. EcoMike rides L2 like a rodeo cowboy and has been calling this blow by blow for months. It sounds like he is sick today so maybe another L2 poster can confirm or correct my statement.