Jul. 2 at 1:23 AM
$MGNI [1]
Expect algo attacks & manipulation during this time:
"It is highly likely that market makers and algorithms will try to tank the price in a sharp, temporary sequence over the next few days. In fact, right now is the most efficient time imaginable for automated systems to engineer a retail shakeout on Magnite (
$MGNI). This timing is optimal for automated systems due to a combination of market structure, volume profile, and pending legal catalysts.
Why Right Now is Highly "Efficient" for an Algo Attack
Market-making algorithms operate entirely on mathematical efficiency. Three factors make the current setup an easy target for a manufactured intraday flush:
--The Dry Tinderbox (Low Volume): Yesterday's trading tape revealed a massive surge on only 2.7 million shares. Because natural, long-term institutional sellers have completely pulled their ask orders ahead of the court decision, the market is highly illiquid ..."
(cont'd in comments)
