That would be down.
Big fish have the ability to control SP at the base level. The most efficient way to accumulate shares is to fool the market into thinking the SP is tanking. They do this by a) placing large volume short orders or B)post a sizeable amount of their accumulated shares on the sell side.
Less experienced players will see these large volume sell orders as an indication that the big money is leaving the market and tend to panic sell. If the SP doesn't start to tank then these big fish resort to more devious methods. They will selloff large volumes to physically push the SP down, use autobots to chip away at the price or flood the market with bad news/ no news. All these guys really need to do is get the ball rolling, a bit like a snowball effect.
Once the SP does start to tank they then position themselves to buy up all the shares being offloaded at the discounted rate.
When they have accumulated their fill they flip the sell cap to a buy wall and push thru high volume orders to generate interest. Once they have offloaded their shares they rinse and repeat.
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- so any ideas about the sp
so any ideas about the sp, page-5
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Mkt cap ! $89.79M |
Open | High | Low | Value | Volume |
45.0¢ | 45.0¢ | 43.0¢ | $26.11K | 60.38K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 14109 | 43.0¢ |
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Price($) | Vol. | No. |
---|---|---|
44.0¢ | 1086 | 1 |
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No. | Vol. | Price($) |
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2 | 8794 | 0.425 |
1 | 30000 | 0.420 |
1 | 20000 | 0.415 |
2 | 25000 | 0.410 |
2 | 23407 | 0.405 |
Price($) | Vol. | No. |
---|---|---|
0.440 | 1086 | 1 |
0.450 | 128371 | 4 |
0.465 | 38517 | 1 |
0.470 | 27855 | 1 |
0.475 | 27260 | 1 |
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