Its not market makers. More sellers than buys..not really...
A computer ALGO can pull down a stock pretty quickly, and uniformally, no matter how many buyers there are....
You dont know alot about the market....
BTW, if these small sells into the bid can move the price low enough to trigger stop loss orders or margin call sells, then they've done their job, and you see the big increases in volume.
All you have to do is watch LII, then notice how multiple 100 share offers are stacked on the ask under one or two multi-hundred share offers.
Then watch how they, and the bid, move down immediately and simultaneously on any downtick in the indexes.
So, for example, at an ask of $7.36, you might see:
7.36 NSDQ 700
7.36 CINN 400
7.36 BOSX 200
7.36 PHLX 100
7.36 EDGX 100
7.36 BATY 100
7.36 ARCX 100
7.36 EDGA 100
7.36 NITE 100
Then the Dow or nasdaq ticks down and immediately, 4 or five of those reset the ask to 7.35, and the one or two 100 share orders on the bid also move $0.01 lower.
Now don't get me started on the never-executing, floating orders that CINN keeps on both the bid and the ask:
No this price is a steal! As a long time DTLK investor I think the price will bottom around $6.00 or a little lower. At that point I will be loading the truck because it will go back above $10.00 before the next earnings report. This company is making money and their margin is GREAT. This stock should have a PE of 15 and nothing less. Buy while you can!
you're totally right. the rigged market is working full time today on DTLK. if you buy, it won't go against the Ask and immediately following your buy, a sell will take place going against the Bid. don't give up on this stock because that's what they are trying to accomplish. don't worry about day to day fluctuations. buy low and buy more lower. this is where opportunity knocks.