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Message: I'm thinking NITSO today ?

I'm thinking NITSO today ?

posted on Jul 30, 2008 01:18PM

Seems to me like there was a market maker in action today. Did anyone see the very large ASK 759 (at $1.75) and the very small BID 8 (at $1.73) in the afternoon (hope my memory is correct). I'm thinking this was a NITSO (no intention to sell offer).....because it would disappear as quick as it would show up. I believe an MM attempted to run the stock down by creating a virtual institutional size ASK in order to put fear into traders that the stock is going down, and trying to fill his/her buys at the lower prices. The MM's are technically trying to steal your shares by using fear tactics. Somebody knows something, and they're trying to accumulate as many shares at low levels using manipulation tactics before a BIG RUN UP in the SP. Just my thoughts for the day. A.


Jul 30, 2008 01:27PM
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