So as anyone watching can observe every morning, the Cross Traders stay out of the initial matchup trading, pretty much, and control the price by putting in a lot of Sell orders under the market. There were Sell orders as low as 0.19 in the system just before 10.00am. Possibly there were even lower Sells coming in from off-screen. On the other side, there were eager Buyers prepared to pay more than 0.225, in light of this morning's positive news. But illogically, the Seller says "no, I'm not going to take your higher price, I'm going to manipulate things so that you will Buy at 0.205". Then once they have made it clear that today's Opening Price is the same as yesterday's Closing Price, the XTs go back to working overtime to maintain their version of what the STX price shall be. If anyone has access to Broker Data, I'd still be very interested to find out who the prime suspect broker is in this ongoing manipulation.
STX Price at posting:
20.3¢ Sentiment: Hold Disclosure: Held
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