Ann: David Steinberg Appointment to BIG Advisory Board, page-116

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Maysgr

1,671 Posts.

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02/02/18

16:43

Post #: 30778270
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Originally posted by Maysgr ↑

So many trades, so little volume.

Ask yourself why Goldman Sachs, Morgan Stanley and Merrill Lynch are doing this?

It's pretty simple to me.

LT holders pretty much have all they can afford, leaving few buyers keen to invest for the first time at this price.

They then dominate the volume and the price and try to frustrate existing holders in to selling.

Instos are happy to offload some with the expectation they will pick up more for around the same price.

Just watch the bid if you want evidence. You will often see lots of small bids at the bottom of the buy offer, and if the price runs up a few cents in a hurry they will place a seal order below the last traded price if there is a gap between the highest bid and lowest offer.
They also put those low numbers on the buy side bid and then line wipe down trying to create the impression of big selling (by there being lots of trades).

The CSPA is another target for them. There have been 4 this week.
Monday - down 7c in closing auction
Tuesday - down 5
Wednesday- down 1
Thursday- down 1

I have plenty of screenshots to back this up.

The instos have the pockets to do this.

They are testing our patience, but mine won't be broken.

Expand

Down another 5c in today's closing auction. That made 19c in total for the week!!

BIG Price at posting: $3.39 Sentiment: Buy Disclosure: Held
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