EXPM:JGFCF - Post by User
Post by
jerrio78on Sep 02, 2020 4:54pm
102 Views
Post# 31498824
Painting the tape?
Painting the tape?Someone painted the stock down in the last minute of trading under anon. I have seen this before when they want to set up an insider financing round. After weeks of strong bids over 20 cents they have been managing the price and paintig it lower on very small volume. This helps shake out small retail and allows them to ask for a cheap PP ahead of news flow. It's kind of a dirty tactic but I have seen it hundreds of times, especially on low float stocks. I don't care if they line their pockets since it's their deal. Just ram it into the dollars and we can all be happy.