OTCQX:GTBAF - Post by User
Comment by
surething1111on Mar 18, 2021 1:33pm
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Post# 32827113
RE:RE:100 board lots
RE:RE:100 board lotsOldest trick in the book, that is still widely used today........Market makers/houses will usually put a very large seemingly insurmountable ask quantity at a specified price point, and usually this discourages people from buying because of the large number of asks. The same people will usually pick off sales underneath in small increments (ie 100 share blocks) or small enough not to raise suspicion about what they are doing and cause a buying run. The same tactics are used in reverse when selling stock.
These are incidious practices, but are used consistently in the stock markets.... Canadian markets even more so.
I have found it quite profitable going against this psychology ie. Big blocks at ask.....buy. Big blocks at bid......sell
Disclosure......I consider gbr a buy and hold, and buy some more.
Best longs
S