Yes GMund,
They can't risk using all their available shares, so they do it slowly and progressively
1) Sell small parcels into the Bid, continually; this keeps the Bid Volume changing; and ensure the last price is always at the Bid
2) They periodically take a small bullet, and buy back at the Ask in order to replenish stock
3) They target when to to start their fembot. If you have a look at 10:33.11AM the price was previously, but $0.028 was up so hey sold $74 into the $0.028, and everybody now sees a new low. Note the price went back to $0.029, and then more $74 parcels were dumped at $0.028. They like for us to see a red price.
4) They try to limit their selling, and fear monger to get others to sell; this way that save their ammo.
see below
Then they using algorithmic trading at close they ensure we alway close at the Bid. I guess this has a lasting effect as it stays until tomorrow AM
When a stock is shorted I often buy at the Close, why? Because I get put any price I want, jump the Bid queue, and shorters will usually ensure it closes at the Bid.
They also trade on a different platform; they don't pay a brokerage per trade; with this they can sell small parcels - we can't. Of course, other players could also set up a bot to increase to the Ask, I have once seen a bot battle - one bot up every minute, then other bot comes along and drops a $ or 2.
We close at 3c, any lucky buyers today at 2.8?
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.75M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.7¢ | $48.48K | 7.056M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
65 | 22147619 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 12631090 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
65 | 22147619 | 0.006 |
33 | 18240526 | 0.005 |
9 | 9325000 | 0.004 |
6 | 9448333 | 0.003 |
5 | 9650497 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 12631090 | 12 |
0.008 | 11305421 | 19 |
0.009 | 14748242 | 13 |
0.010 | 9107806 | 14 |
0.011 | 15087431 | 8 |
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