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Metanor Resources MEAOD

Metanor Resources Inc is engaged in the production and sale of gold as well as acquisition, exploration, and development of mining properties. It projects include the Moroy Project and Barry project among others.


OTCPK:MEAOD - Post by User

Comment by u2bobon Feb 19, 2016 11:18am
104 Views
Post# 24574943

RE:RE:RE:RE:RE:RE:RE:RE:BFD drill program at Barry

RE:RE:RE:RE:RE:RE:RE:RE:BFD drill program at Barry
BenderAlex wrote: There are many reasons why somebody would do that,,,
In this case I think somebody just want to scare other to dumb their stock at 0.05$ so that he could buy at 0.05$

Basic idea, drop a few of your shares at 0.05$ so that other people would be scared and will sell their shares at 0.05$ to you... (you`re on the bid side)
And the opposite, when you`ve got those shares at 0.05$, start buying at 0.055$ so that other people would think it will bump up to 0.06$ and will start buying at 0.055 and 0.06$.. (you`re on the ask side)

With 100000$ in your account you can easily do that with MTO.. 

However, with MTO sometime this stock doesn`t have enaugh volume, so i personally wouldn`t do that with these stock..


Sure looks like someone is playing with the price and low volume today...

MTO - V   1049.0 0.05 · 0.055 416.0 0.05 -0.005 -9.1 225.4 12 15 0.055  0.055  0.05 0.075  0.025 10:12:34 Feb 11 15 min RT 2¢
TSX-V - V 1049.0 0.05 · 0.055 416.0 0.05 -0.005 -9.1 42.4 2 6 0.055  0.055  0.05 0.075  0.025 10:12:34   15 min
Alpha - A   0.05 -0.005 -9.1 3.0 0 1 0.05  0.05  0.05   09:35:04   15 min
Chi-X - X   0.05 -0.005 -9.1 4.0 0 1 0.05  0.05  0.05   09:35:04   15 min
CX2 - H   0.05 -0.005 -9.1 1.0 0 1 0.05  0.05  0.05   09:35:04   15 min
Omega - O   0.05 -0.005 -9.1 165.0 8 4 0.05  0.05  0.05   09:35:04   15 min
Lynx - Y   0.05 -0.005 -9.1 1.0 0 1 0.05  0.05  0.05   09:35:04   15 min
Aequitas - U   0.055
 

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