Most of the trades at $1.11 are done by the short hedge fund manager as naked short sells usually programmed trades.
Because your the after-hours and night hedge fund paid stock basher guy-we can pretty well assume that there is news coming.
People tend to believe that they can "get away with" insider buying if they can do it just before the close of after hours trading.....like no one is watching.
At 7:54pm est, someone placed an order to purchase 4000 shares at $1.13 an only bought 200 shares at that price. After several minutes, they cancelled the order and placed another order to buy 3800 shares at $1.14, although a huge ask/size was offered, it was only a false "roadblock" placed there by the short hedge fund to scare away investors because the computer immediately pulled all of the shares and the hapless buyer only ended up with 200 shares at $1.14. (short hedge fund trick). I wonder what this buyer knows?
I suppose that by buying just before the close of after hours trading, a buyer will rationalize that no one will notice.
The tide is slowly starting to turn for this. The short hedge fund is trying to shoot the price down with both barrels this morning. At 9:45:38 they painted the tape with a 2,100 share trade at $1.10 (below the bid price of $1.11) to create some down- ward momentum and since then have been quickly countering any purchase with a quick 200 share naked short sell at the bid.
At 9:31.....naked short selling in 100 and 200 share blocks at the bid price.
your team is being paid to bash this stock then the boss really needs to give you guys access to level 2 quotes.....so you can see it happen
No, the mis-information campaign gets it wrong for two days in a row. The low in July of 2012 was 59 cents. Yesterday You stated that it had reached a two year low at $1.08 when the actual number is $1.02. But, it is your job to "just make up things". So I can't fault you for that.
The large ask size one typically views is due to the to the efforts of the short hedge fund playing their game. They naked short sell 100 to 200 shares every 30 to 60 seconds throughout the day and when that doesn't result in a 2 or 3 cent drop, they naked short sell 20,000. shares or so at key times during the trading day. One day this week, (after hours), a buyer tried to buy 3800. shares at $1.14,at a time when over 14,000. shares were offered at the ask. The short hedge fund computer in a small fraction of a second pulled their 14,000. shares and the hapless buyer ended up with only 200. shares. But, the short hedge fund is not limited to the market. They also hire paid stock bashers, not only for the Yahoo message board, but for Twitter, and the Yahoo Marketpulse forum. This is a well orchestrated and organized effort. If You take the time to watch it trade-----there can be no disputing it. Jump ship? No, not because of some slick words that your caliber of person types at an hourly rate.
have a right to be. RSI(2) = .02 My favorite is they guy that posts "we have a new low for the Year" on a daily basis, which isn't true. But it will be interesting to see if "we have a new low for the Year" either today or Sunday when the market is closed.
Then You might ask your boss to discontinue the two week long practice of naked short selling 100 to 200 shares every 30 seconds to 1 minute and the practice of naked short selling "at market" 20,000. share blocks at key times during the day.
The short hedge fund found it necessary to naked short sell 21.1% of todays volume in order to achieve just a 1 cent drop in price.
You need to contact your boss with the short hedge fund and tell Him that to do a good job of paid stock bashing, that You need access to level 2 quotes. Or, You could start saving your hourly wage and get yourself a small stock account that would give You access to level 2. You see, You are speaking as a fool because the last after hours trade was at $1.10. And, it's not reflected on the Yahoo Summary page. Your overwhelming commercial need to just "say somthin' negative" exposes You for what you are.