OTCQX:PHVAF - Post by User
Comment by
BuddyGuyManon Jan 19, 2018 9:53am
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Post# 27393091
RE:RE:Broker 79 can't keep this down
RE:RE:Broker 79 can't keep this downOoooh man, did you see that dump he did alll the way down to $1.55? I almost feel bad for him. He's trying so desperately. But there are so many buyers wanting in. Hate to break it to him, he's screwed.
chrome2017 wrote: Let him keep shorting. Going to be fun when he gets squeezed.
BuddyGuyMan wrote: Just want to point out that the MAJORITY of sell orders are from ONE guy using broker 79. It appears this guy has been trying to short this thing for the last couple sessions. Today he's got sell orders at $1.60, $1.62, $1.63, $1.64, $1.76, $1.77, $1.78, $1.79. It's a classic technique in shorting to make it appear like lots of people are selling. It can keep the price down, and allow him to cover his prior short positions. Then if these higher sell orders start getting filled, he'll re-evaluate and decide whether to cover quickly, or keep trying to enforce the short position.
I love the low float we've got, however the low volume yesterday made it possible for this ONE guy to manipulate the price lower. The solution is easy. Just buy broker 79's asks today and we'll be back up in the $1.80's.
SIDENOTE: I remember broker 79 trying his best to short RTI in the $0.60's. Didn't work then, and it won't work here either. Probably a coincidence that it's the same broker, but it would be funny if it really was the same guy!