Jul. 8 at 5:12 PM
$JAKK cont'd..
A couple of brief blank quote displays appear when the platform refreshes, so those specific moments should not be treated as market events. But the changes around 11 → 111 → 12 → 111, while the quote panel remains active and the tape stays unchanged, are genuine evidence of ongoing automated quote modification.
This clip supports the following conclusion:
JAKK’s displayed offer was repeatedly resized through automated order additions and cancellations while no corresponding transactions occurred. Approximately 100 shares repeatedly appeared and disappeared at the best ask, demonstrating that the displayed liquidity was unstable and heavily algorithmically managed.
--- Asked it to preserve all the screen recordings and analysis ---
