RE:RE:bid and ask (manipulation? who knows)Apop, I have never believed the tax loss reason either in past years, I didn't think there could be enough of a loss for anybody to do it - for instance when the stock was above 30 cents. But at these levels some could have a loss of as much as 50% I would think and that may also explain why we are down here. They may have taken it down just for that reason knowing full well that BTD would come after the 30 day period, which could still be January and well within the Q1 timeframe.
It's all conspiracy theory of course but I am trying to come up with a reason why this is being so manipulated. I guess it just shows what they are on the verge of after all they are not just building a better or cheaper widget, it could be groundbreaking.
99942Apophis wrote: DJDawg wrote: I'm not one for saying that stock price movements are because of manipulator but the bid ask today is interesting.
Someone put 181,500 on the ask at 0.17
There is a bid of 95,500 at 0.165 and another 50,000 at 0.16
So the person with the bid at 0.17 could sell 145,500 for $24,735 if sold at 0.17
OR if they really want to get out of TLT asap they could just sell a similar amount for 23,757.5 and take the bids right now at 0.16 and 0.165, In both scenarios they "exit" most of the position but the price difference is a bit less that $1000.
Follow my logic here. They really want to get out, to the degree that they are putting a large ask at 0.17 but are holding the line for an extra $1000. Whenever I've sold out a larger position, I have done it in small chunks over a day or two to not create a ripple.
I feel that putting a large ask right there is likely to create a wall that most will not have the funds to buy into. Or they will be nervous about further dips so hold off. It feels fake in terms of how normal people try to buy, sell or hold. But that is my opinion.
It is frustrating as it does feel manipulated and not a fair reflection of TLT's science and overall worth. If I had the cash I would buy out that ask as it is a good deal but, like most of us, I'm maxed out for now. Which is the perfect scenario for a stock to be manipulated at.
ps: the bid ask may be slightly different buy the time I finish writing this.
Hi DJDawg, manipulation can be done by one or more people (penny flippers?) and could involve holding several trading accounts so as to not draw attention to the same pattern of seller to buyer, if its only one person then its legal but if more than one person and if they are working together then that's conspiring to manipulate and is illegal. I've watched the patterns and they are obvious maybe not so much in one day but over the course of several.
There seems to be a gray area when Hedge Funds & Shorts done by Financial institutions are involved, I have written complaints to the Security Commission with noted day & time patterns. Even though their job is to protect retail investors for some reason the retail investors with Hedge Funds and Financial institutions are protected too which I believe comes down to just big money wins out.
DJDawg I don't think this is tax loss or someone wanting out. Tell me how many people you know does tax loss every year?? I have myself done tax loss however I just as StevenBirch have done when selling will do it in small amounts so as to get the highest value. We see here sellers goal is to continually drop the share price and until we have a major milestone they appear to be in control