One thing I forgot to bring up is that the day after Phoenix asked about the large lot of 450,000 shares sitting at .99. I logged onto my account the next morning and opened my trading platform ( the one with all the bells and whistles - I haven't really opened that platform up in Months - as I am not actively trading - So I really don't need it atm ). I usually just log into my account and place my orders and log out. Haven't looked at Level 2 in Months.
Anyways, the reason I saw the big lot at .99 was because it was serving as a ceiling during a day I happened to log in and set some orders. Well, going back to what I was going to share with you guys, I opened up my trading platform, to look at level 2 and I noticed that there were SHORT Sales being logged on the tape. This was Thursday morning, and I have to say that I don't recall seeing actual Short Sales being shown to me on my platform before. Like I said, I haven't used it in months and for all I know my broker might have upgraded me to better software. But I did think it was unusual that the ASK was noted as a Short Seller and the actual sales happening also were noted as Short Sales. The amounts being sold were minimum, and when I saw this I forgot to even look at Level 2 ( the original reason I was looking in there in the first place ), and put even more Buys at even lower prices ( of course, I never got all of them ).
My gut feeling on that was that "they" were showing this on purpose, as to get more retail / traders to panic, and obtain more shares. My guess is that the volume wasn't there for them. Not enough prey for the BIGGER predators.
Anyways, might not be anything but your normal daily transactions. I might just have a better platform that I don't usually utilize and nothing even worth having second thoughts about, but I must say that there was no volume under .80 at all. |
