Knight was moving thier bid up... and then hiding it and retreating
Knight Capital Americas LLC is trying to buy CNAM
They are trying to grab shares.. Knight capital usually plays the OTCBB markets so them buying here is HIGHLY unusual... to say the least knight capital has a BIG reputation for making big moves in penny markets and starting runs on both the buy and sell side.
my level 2 feed.. also what just happened, look the mm is trying to suppress the price while they buy.. they took off their bids for one micro second and put a 100 share sell at .31 than immediate put their bids back to .32.. they are trying to manipulate the price down while they buy!!!
Thanks for the info. I am Not surprised considering , we have what , like less than 3 weeks to go before earnings. A 10k order in AM pushes this stock like 10% , I can only imagine what 100k orders will do. Float at what 12 million shares not held by insiders