PINL:SIXWF - Post by User
Post by
throwaway11on Aug 08, 2022 12:43pm
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Post# 34879104
A return to old tactics - RBC bid spoofing this morning
A return to old tactics - RBC bid spoofing this morningWatched it happen in realtime to take price from 0.055, pressing bids down to 0.045.
They place huge sell orders on or one half cent above the share price knowing fully well that on thinly traded/low volume days that they will never be able to be completely bought. After a few hours or less and when the morning volume dies down (remember that after open/before close is when most trades happen), they then pull the ask.
This was happening like crazy late last year and early this year when the complete SP destruction began. At 25 cents, at 17 cents, at 10 cents - now here. It seemed like deliberate price surpression and probably was.
Perhaps this evening or some other time soon I am going to go through my old posts and attempt to find as much information as possible about the last several times I saw this happening, and try to do something about it.