OTCPK:SPLID - Post by User
Comment by
Camper8on Dec 15, 2016 2:10pm
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Post# 25605810
RE:Fake Bid....
RE:Fake Bid....We've seen huge supports like that before. It's just there to stop the stock from falling lower for today. Tomorrow could be a different story and we might see that support somewhere around .23 or even lower.
My tinfoil hat says it's there so that retail buys at around .255 and .26. Tomorrow, when they move the support lower, they hope that those who bought in at .255 and up panics and adds to the selling pressure. Rinse and repeat until they get their desired results.