McAffee: $WHACKD, the tatoo looks like a stock symbol, so I looked it up and found the commentary on a particular stock using whacked back. Since McAfee was accused of illegal trading this is interesting. And the stock mentioned is relevent.
Bioasis Technologies Inc. V.BTI
Alternate Symbol(s): BIOAF
Healthcare Biotechnology
Bioasis Technologies Inc is a development stage biopharmaceutical company. It is engaged in the research and development of products for the diagnosis and treatment of neurological disease and disorders. The company has worked on blood-brain barrier program and studies disorders in the brain. The company's xB3 program describes its proprietary carrier, p97, and components thereof, to deliver therapeutics across the blood-brain barrier. Its source of revenue involves the research and license reve
$0.320.015 | 4.92%Bid: 0.33 x 4500Ask: 0.33 x 5000Volume: 323,032
CADTSX VENTURE EXCHANGEDELAYED PRICEMARKET CLOSEDJUNE 23, 2021 4:27 PMEDT
Bioasis Technologies Inc. The Other Stunt
jdstox (2146)
June 11, 2020 - 10:53 AM
Post# 31138505
The Other Stunt
Besides the rare "Vanishing Big Bid Stunt," we get to see its little cousin almost every day with Bioasis.Let's call it "The Trader's Setup." The stock wanders upward during the day, up a cent, maybe 2 or 3 cents, only to beswacked back down10 minutes or 10 seconds before the close by a sale of a thousand shares into the bids==
Or, there's this other little trick. Say the price wanders up to 18¢ early in the day and then sits there without further trading. Somebody comes in with an offer below the current share price. Somebody else comes in with an even lower offer, down to, say, 16¢, which may have been yesterday's close. So our happy trader sees this situation, an offer that is lower than the share price. So what does he do? Instead of selling to drop the share price, he buys to do it. He buys the 16¢ offer, maybe 1000 shares of it, and sets the low closing price for the day.
However it's done, it truly is "The Trader's Setup." It's a setup for the next session's open. Traders don't want the stock to look strong at the close because an investor or two might come in the next morning and buy from the offer because they think the stock is looking strong and they should buy before the price goes higher. (I'm sure most of you know all this.)
Instead,if the stock is swacked backwardsat the previous day's close, then the stock looks weaker and the trader might get lucky and buy cheaper stock if a shareholder decides to offload on the perceived weakness.
https://stockhouse.com/companies/bullboard/v.bti/bioasis-technologies-inc?postid=31138505
Maybe something, maybe nothing!