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Author Topic: $250,000 on the Bid  (Read 2221 times)
dree12
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November 14, 2011, 03:16:20 AM
 #21

Haha, look at him marching his cash army up the chart.  He's getting other people to buy up so he can sell again, methinks.

And now he's in full retreat to 2,50.
Looks temporary. Bear seems to be in trouble - too afraid to sell?
Edit: wow, I was wrong again. Back down to $2.50. I underestimated Mr. Bear's money.
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proudhon
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November 14, 2011, 03:18:20 AM
 #22

Haha, look at him marching his cash army up the chart.  He's getting other people to buy up so he can sell again, methinks.

And now he's in full retreat to 2,50.

I believe the strategy is something like this.  March a bunch cash out in the hope that other people put bids in front of your giant bids (because they'll feel more confident).  When the bids build up enough, sell into the bids in front of your bids, then drop your giant bid and watch the market panic.  Then buy back at a lower price.  Repeat.
dree12
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November 14, 2011, 03:19:40 AM
 #23

Haha, look at him marching his cash army up the chart.  He's getting other people to buy up so he can sell again, methinks.

And now he's in full retreat to 2,50.

I believe the strategy is something like this.  March a bunch cash out in the hope that other people put bids in front of your giant bids (because they'll feel more confident).  When the bids build up enough, sell into the bids in front of your bids, then drop your giant bid and watch the market panic.  Then buy back at a lower price.  Repeat.
In effect, this "person" is providing liquidity. Rejoice!
Edit: But why would he drop it to $2.5 first? Also, the positioning of his two walls stands to make him lose a lot of money...
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November 14, 2011, 03:20:12 AM
 #24

This is interesting. Also, I hope I'm guessing right with my money Tongue

RyNinDaCleM
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November 14, 2011, 03:23:25 AM
 #25

This is interesting. Also, I hope I'm guessing right with my money Tongue

Me too!

This event could cause a lot of win or loss. Only time will tell.

dree12
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November 14, 2011, 03:24:42 AM
 #26

This is interesting. Also, I hope I'm guessing right with my money Tongue

Me too!

This event could cause a lot of win or loss. Only time will tell.
Where is Mt.Gox? These two walls can earn them some good cash!

Buy the entire ask, and then sell into the bid. Since you earn commission, free money!
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November 14, 2011, 03:26:37 AM
 #27

Where is Mt.Gox? These two walls can earn them some good cash!

Buy the entire ask, and then sell into the bid. Since you earn commission, free money!
Lol! Genius!

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