Post by
tthayer on Aug 26, 2020 11:42am
Fidelity keeping price down again
Not sure what or why this is happening but Fidelity is once again jumping in when a trade happens at 2.5 cents and within minutes selling off a 2 cents. Has happened 3 times already this morning. Seems pretty strange to me. Stock just went backup to 2.5 cents again, waiting to see if it happens a fourth time.
Comment by
tthayer on Aug 26, 2020 12:33pm
Yep, they did it again. Exactly 10 minutes after the 2.5 cent trade.
Comment by
Stratagem134 on Aug 26, 2020 1:46pm
works for me. Institutional manipulation usually leads to good things in the long run. I'm hoping I can pick up a couple more shares on the dip
Comment by
Hevdra on Aug 26, 2020 2:27pm
There is definitely a limit to that. It undermines legitimacy of the stock and dissuades other institutional invstors.
Comment by
Stratagem134 on Aug 26, 2020 4:31pm
it happens more than you think. Even Jim Cramer had a piece on institutions doing MM (market manipulation) over the last couple of months bioc's hourly would show tell tail barcodes. SP goes up a penny drops a penny, all day long. The chart patterns are very telling
Comment by
Hevdra on Aug 26, 2020 7:50pm
Oh, I'm with you there. What you describe is basically the story of ITT since I invested. It's been happening lol, although more of a general pull down trend. It's really going to complicate a reverse split, barring a swing upwards.
Comment by
Stratagem134 on Aug 26, 2020 4:34pm
and you're right. What bears (aka wolves) do to honest investors is a travesty. They actively trade to drive the price down so they can scalp as many shares as they can from weak hands, then boom it gaps up
Comment by
RapsAlot on Aug 26, 2020 6:14pm
The dip? There's gonna be another dip!!! That means it can go lower than this!!! Maybe dip to negative and we will owe ITT money.
Comment by
Stratagem134 on Aug 26, 2020 7:58pm
just before end of day dipped to .015 before closing on .02. Makes me wish I had kept my original order at .015. Oh well, looks like we have another 2 weeks to accumulate more shares.
Comment by
RapsAlot on Aug 26, 2020 8:17pm
I was just making light of the situation. Been one big dip since my initial investment on May 7th.