SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Gala-Bari International Inc - GAB - E-Mall stock
GAB 6.140+0.2%Jan 8 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: The Osprey who wrote (376)6/9/1999 10:04:00 PM
From: David Michaud  Read Replies (2) of 829
 
You all saw this....
__________________________________________________
Gala-Bari International Inc. >>Quote Chart . Snapshot . News

Posted By Subject PostTime (EST) Post ID
RE: Bids/Asks Jumping Around At End Of Day!!!l 6/7/99 10:03:16 PM 289637
<< Previous Thread Next Thread >>

Here is my theory :
This :
Bid / 409 lots at .24 cents
Ask / 26 lots at .25 cents
Make the market look primed up, and sends the average guy go out and buy at market. That is turns, allows shorts selling on the offer.

That:
Bid / 33 lots at .23 cents
Ask / 200 lots at .24 cents
Make the market look bearish, and sends the average guy go out and sell at market. That is turns, covers the shorts on the bid.

The guy makes his $ on the spread.

Does that make sense to all .... _______________________________________

This is what's going on. It's all legal. The trader on this makes his $ on the spread, likely be covering all in one day.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext