OTCPK:WSRLF - Post by User
Comment by
mikerosoft666on Feb 03, 2009 11:50am
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Post# 15748220
RE: RE: WESTERN SCAMROS ???????
RE: RE: WESTERN SCAMROS ???????
Just to clarify to others about "broker buddy" and "bleeder program", it all started when I was watching level II and saw an iceberg bleeding off 500 shares to the Bid every 2 to 4 minutes. It was relentless, which made no sense to me so I started asking the board.
I got hell from a longer term guy here who thought I was a complete jack*A*ss for having a short term view of WZR but I was just curious what the "bleed" meant - was it manipulation ? which I would see as good sign because someone was wanting to keep the price low for a bit.
That's what Nick is referring to ( in his post ) although he is placing an inordinate amount of significance on it. My buddy is a "broker / trader" and is a bit of a sleaze ball himself and knows most of the tricks that they use for manipulating stock. His take was that the stock showed unexpected strength to a house that had purchased a percentage in a highly speculative portfolio and was bleeding off the excess percentage that they were now holding. When we punch through $3 you should see some "selling in earnest" from the same houses as they attempt to maintain their percentage level in the portfolio.
It's just a computer program that has been given some parameters to watch and a trading account, not personal or indicative of the story underlying WZR...