spanky
10-25-2007, 08:23 PM
This is weird, it almost looks like someone has decided to pin the price to 0.20.
After the SEC trading freeze was released on the 15th, you have the big drop to close at .19, then you have closes of 0.20, 0.18, then 6 straight days of closing at 0.20 (including today -- 25 Oct). You can see that some days have more selling pressure before it's brought back to close, others more buying pressure, but the price is always brought back to 0.20 for the close, giving you 4 dojis and 2 tops in the last 6 sessions alone.
Is this emperical proof that some MM is holding the stock at 0.20 for a reason? What would that reason be? Is this a "run away" or a "roll the dice and see what happens" sign?
Anyone? Bueller? Bueller?
After the SEC trading freeze was released on the 15th, you have the big drop to close at .19, then you have closes of 0.20, 0.18, then 6 straight days of closing at 0.20 (including today -- 25 Oct). You can see that some days have more selling pressure before it's brought back to close, others more buying pressure, but the price is always brought back to 0.20 for the close, giving you 4 dojis and 2 tops in the last 6 sessions alone.
Is this emperical proof that some MM is holding the stock at 0.20 for a reason? What would that reason be? Is this a "run away" or a "roll the dice and see what happens" sign?
Anyone? Bueller? Bueller?