Level 2 is showing a consolidated effort by ARCO NITE and ISEG to keep it under .17. They are pushing prices down, to meet sellers, the opposite of their job. Manipulation.
What I am seeing is that there are not enough big buyers and some big blocks looking to sell at .17.
But the good thing is that there are not sellers just at any price to get out and bring price down. If we could get these sellers at .17 out of the way, we could get closer to .18 by end of the day.
Buying pressure could have easily been to .17 and beyond, but for some reason 3 MM's decided that selling their clients under .17 was better for them. Like I said, either they are the worst MM's to sell stocks through, which I dont believe, or they are manipulating the stock. Level 2 action doesnt lie. From what I saw, .17 could easily have been agree upon by buyers. Buyers were talking all shares offered at any price(hence, manipulation).
Yes, I just saw a steady increase to .17, then it flatlined, now it's back down to .1697. Definitely looking like there's going to be a brick wall today at that level...
yep - and that was what I was hoping we'd get later today - up to around .18.... I think it's possible - of course here in Mountain Time and later on West Coast - investors are just waking...
Hopefully if/when good news based on the CC spreads - more specifically the news centered on DirecTV packaging / Iphone App - the SP will consolidate and pick up... we might even edge past .18 but I think we'll end up there EOD...
.0001 cent spread right now jsut in front of .17 proves manipulation too. I think they buyers would take .17 if they are going to take .1699? Are the .1699 asks really necessary? Of course they arent.