OTCPK:SPLID - Post by User
Comment by
oggyswainon Jan 04, 2017 11:20am
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Post# 25665847
RE:RE:RE:RE:ASK SLAP
RE:RE:RE:RE:ASK SLAPThat's so Sleazy It doesn't even compute for me. No wonder I never make money on this exchange.
MYSELECTOR wrote: It's a wall on the ask side. It's a short seller that already has shares that he owns of the company (on top of short shares). So he can put up a sale block for close to a million shares to scare off new money from coming in. It makes people hesitant which drives the price of the stock down. once the stock is low enough..He buys to cover short position. Then he switches to the long side and adds a bunch of shares at a lower price point and rides the stock up until the shart goes flat again. They make money in both directions.
I may not have explained that correctly but I hope you get the gyst of it. This stock will go up a ton when the people trying to drive it down find an entry price they like :)