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Spherix Incorporated Message Board

  • bigcoinman2002 bigcoinman2002 Jul 18, 2014 5:43 PM Flag

    Hitting the bid, trying to keep price down,

    Interesting,.. a deliberate attempt to keep the price down by constantly hitting the bid and anytime there's softness on the bud it is quickly tagged.
    The questions apis....Is it google or a defendant ?
    Will be interesting to see once news flows

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    • I totally agree...I work on a computer all day as a web designer and graphic designer and keep the level 2 open on my screen and I believe that either it is the shorts at 17% of the float, or possibly a defendant that is manipulating the price or is it the MM?...It's so obvious at times and I have posted on this same issue a few times over the last 6 weeks...others said that Cisco and Google etc. would never do such a thing but I ain't believing them...

      Every time the price starts to move someone keeps hitting the bid regardless of the upward momentum...who wants to sell so bad at a lower price when the price is making aggressive upward moves?....

      then I see huge bids for 70,000 or more but they are 2 or 3 cents lower so when it moves up a bit they hit the bid until it reaches the large bid price and then sell off huge quantities and drops the price lower making people think it's tanking...I'm not sure if the SEC can do anything about things like this but even a newbie like me can figure out that this stock is being manipulated to the negative...good news comes out about things like Russell index and the price drops?...like you said, what are they gonna do when settlement news hits...should be interesting and if it still doesn't move...I'll call BS all day long...you can't convince me that Cisco or any of the other defendants wouldn't manipulate the price of SPEX...

    • How exactly would that work? hitting the bid? tagged?
      Can't picture the mechanics.

      • 1 Reply to scumbag_cyber_terrorist
      • Watch the tape. I've been accumulating as have others and every time the price rises, or one of us buys at the asking price, almost immediately a small sell order, sometimes less than 100 shares, is sold at the bid.
        Look at the close yesterday. My purchase went thru at 359:58 1000 shares at 1.55 and immediattely they sold it to 154.35
        Watch level 2 If the price has moved up and the bid is higher, the mm come in and sell usually 100 shares more than what is on the bid.
        One of the buyers worked on the street and knows the game.

 
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