Albert--looks as though your day is nearly here! (again)
Here's my take on today's proceedings....your read on the MM's is very astute, Albert. You once said that they want the stock below $1, do you think still might do that?
Transaction log to this point shows this:
From 9:30 to 11:45, 24,600 shares were bought vs. 10,100 sold. As you can see, this better than two-to-one buying to selling ratio did not move the price up.
At 11:45, a 7,500 share block was sold which kicked off the downward slide.
Since 11:45, 28,100 shares have been sold, vs. 15,700 bought. This 2-to-1 selling ratio DID move the price down, to 1 1/4 x 1 11/32... -12.53% at the ask, -18% or so at the bid, with a nearly dime spread on the stock.
Overall volume today is 1,200 more shares bought than sold, but you would not know it to look at the current price. If anybody needed further proof of manipulation of our stock's price by the MM's, here it is.
This is the move that the MM's attempted two weeks ago, before the news on Gauntlet came out.
We must assume that the market makers want the price here for some reason, and here it will stay until substantial news comes out.
The ONLY defense for this sort of raid is BUYING!! Call your friends, family, everybody, get them to buy this stock. If the MM's get burned by having to go further short when they drive the price down, I believe they WILL stop doing this.
One thing is for sure, they are NOT going to get my shares!
Grimly,
Rick |
