You'd think the capper(s) wouldn't make their game so obvious. Mr "sell 2,015,050" lined up at 6 cents hours ago - had the desired effect. Price drops slightly - then he moves sell order down to 5.9. Gee, he's so so desperate to offload this stock - not! Of course there's no shortage of traders who get fooled into selling as a result of this tactic.
This follows the seller who kept feeding the buyers at 6 cents this morning in 1million lots.
A genuine net seller would probably have allowed the stock to run a bit more, as it would have surely done ,but for "mr 1million seller".
Maybe just to avoid speeding ticket?
CME Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
