RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: It's CBCA, "with what appeared to be a goal to get it back to 9 cents instead of the 9.5 and 10 cents it was trading at just a few minutes before that. So that's why I was confused/curious about what was going on."
Careful. They are the same guys that beef up the Bid when it looks like it is going to crater. They are not there to lose money but to limit volatility and create liquidity. Shares that they suck up at their created Bid are sold back into the Ask as soon as it appears the market will support the move. It is not about manipulation, it is about share price stability....and yes they will buy at the Ask at the end of the day to create interest which get Bids brought in from the market.
I think what you are asking though is about my comment about late buying being an act from the selling camp. That is true at times.It is the same thing the Market Makers will do but for different objectives. They too are sacrificing a few shares into the Ask at the close to stir buy interest but they do it so they have something to sell into the next day. It only takes a little to reap a lot if you time it right. A seller needs buyers, and if you are not there then they will create buy interest by pumping the close. Novice investors interpret it as "Someone knows something" and trip over each other to put in a Bid so they don't miss the rocket ship ride to the moon the next day. All they end up with is a boat load of shares that are going nowhere and the seller is out cleanly. In a salesmans world the equivalent of it would be called a 'Loss Leader'