Post by
seveneleven711 on Aug 09, 2021 1:32pm
fyi
If a blacknight is accumulating shares they want to do it at the lowest possible prices. One way is to short the market enough shares to start a panic and scare weak hands into selling. Especially after a nice share price rise. Then they buy way more shares at lower shakeout prices, way more than they shorted. So they bought more than enough to cover short position and have added to their net accumulated position. Not hard to do with a weak shareholder base and a share price that has recently risen and some good market traders working for them.
OH ya..........they also hire "IT"
Comment by
seveneleven711 on Aug 09, 2021 1:40pm
The blacknight can also use their traders to make the market depth on the ask side much larger when volume is lower. See how fast those asks drop when buying increases.
Comment by
GoldyL on Aug 11, 2021 5:49pm
Any chance you can square these assertions with today's announcement for us all?
Comment by
Tgimon on Aug 11, 2021 8:00pm
it doesn't come out on green days, standard mo