"Look at the volume of that last trade that went off at 1.07.Two hundred shares, on a day where 100,000 shares have changed hands.That marketmaker wants to discourage you, to either keep you from buying more, or worse, scare you out so he can eventually pick up your shares at a lower price.That’s how he makes money.You are not a marketmaker, however.You make your money by understanding the story, buying and holding.Those two hundred shares he probably sold to himself, one account trading to another at a low price.Maybe he just sold them to a friend.He doesn’t care about losing a few dollars on the trade.He will gain it all back and more with the advantage he gains by playing on investor psychology. His tactics keep other people out of the market for longer than they normally would stay out and buys him more of that most precious commodity: time. "
Well said Bull.
I have at times attributed those actions to deliberate resentment on the part of the marketmaker with of some of the individuals involved with this stock and certain other stocks since they appeared with great frequency and almost predictable timing. While I may have been partly correct, your explanation doesn't contain the "conspiritorial bias" and is probably much closer to the truth. The marketmaker just takes advantage of certain (low volume) situations to create setups which will profit him personally. Once volume comes into the juniors for real, nothing will them back.
P.