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Mint Technology Corp V.MIT

Sector: Financial Services | Sub-Sector: Credit Services

The Mint Corp provides prepaid card and payroll services with its own ATM network, payment processing platform and card product including microcredit, mobile top up and money remittance services.
Price: $0.03 | Change: $0.00 | %Change: 0.00%
Volume: 0 | Day High/Low: N/A/N/A | 52 Week High/Low: 0.08/0.015
V.MIT Mint Technology Corp
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ark88 - (1/18/2013 11:14:24 AM)
RE: RE: RE: Now 10.5 cents

When you see a pattern emerging whereby the same seller sells into the bid with few thousand shares at the end of each day painting a lower close, to me this may be a positive indicator.


It's not a certainty of course, but rather a question of probability that the motive behind this action, especially on the eve of expected significant news, is one where the big boys/MMs want to control the SP movement. It can be to accumulate more shares prior to the news, which I think is not the case here, or to not let the SP run away on low volume prematurely. Unlike us retail investors, the big boys need liquidity/volume to take some profit if and when the SP rises significantly post news.


Conversely, when they paint the SP higher at the end of the day without cause, I become very cautious as it may suggest a pump and dump motive.


The key differentiator is the news that is expected to be significant.