Check it out. They dropped it $1 on ONE single trade for 100 shares. Previous trade was at 16:01 for 1,000 shares@ $6.36. Then BOOM the VERY NEXT trade at 16:02 was 100 shares at $5.39 and that was it. No more trades in the complete after hours session made it above that level. ONE trade for $539.00 wiped out $70 million in market cap. Must be nice to steal and steal and steal and never worry about the SEC or any sort of retribution whatsoever. More crooked than picking your pocket or screwing you in a shell game and they get away scot free time and time and time again.
I don’t see anything special with that trade. It was just when STX announced its results but no news for OCZ. Someone clicked on Sell and there were only bidders $1 lower at that time.
You won’t see that happen with a large company, but with a small one like OCZ, it’s not surprising.
BTW, most of the trades in AH are done through ECN, no MM are involved.
Yes, and they do it with those small blocks of round numbers like 100 shares so the other MMs know what's going on. They have ways of telegraphing what they are doing to one another without spelling it out. The game is rigged but it's the only game in town.
And oh by the way...nobody ever did bother finding out what caused the 1,000 point flash crash in May did they?????
The whole thing is pathetically obvious.
If you had a limit order between the price of the drop, do you think it would've gotten filled at the higher or lower price. Would it make you feel better if it stopped for a minute and let you buy higher? There is no conspiracy and there are no cheaters ruining your high score.
It is shocking what they get away with....theft in broad daylight. For this one example there are thousands more every day. I have long contended there is collusion between the CBOE MM's and the underlying equity MM's....there is a reason they call it 'underlying'....options control the real money....and therefore control the equity, imho....btw, I was a licensed broker for several years.
I would go to sec.gov and send this example to them....report it. That is all you can do.
The people who buy or sell the hype will always lose.
It may continue it's slide for a day or two, but soon or late it will go up like any other stock.
by Christmas this stock is over$6.50.
I didn't see the trade
but I did grasp when I turned my head away from the computer at the close for a about a minute then looked back again and saw that OCZ was trading in the 5's. I asked myself how did it go down so fast.
Now, I see that why.
One fu*king trade..
Was this a set up or what?
it's painfully obvious to anyone who cares to watch a LevelII screen for just an hour or two.....you wouldn't believe the shizz I see all day long and I have to ask myself if a small trader like myself can see this where in the heck is the SEC??? They are supposed to be the cop on the beat to keep these sort of games from happening but instead they seem to turn a blind eye on the MM's and let them have free reign...anyone have a list of official MM's in OCZ???
the problem is that the SEC doesn't care because there are lobbyists who fund them for their righteous causes to maintain status quo while the attorneys at the SEC are taken out for nice meals and turn a willful blind eye. THIS IS PURE CORRUPTION AT THE HIGHEST LEVELS.