TSXV:RTI.H - Post by User
Post by
RadientTechon Oct 04, 2018 8:55am
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Post# 28743238
Current ask 1.17 is pure BS
Current ask 1.17 is pure BSIM sure most of you are aware, but there one of two things happening here.
1) someone placed a market sell order after close yesterday n case they wanted to be first to sell on bad news over night - in which case they would adjust their sell back to reality or cancel the sell order.
OR
2) we have a group or organization selling their own shares at a low ask to an already placed market buy after close yestedray. which means they could sell their own shares back to themselves while creating the impression the stock is going to drop in value, then pick up lower sell orders till the price goes back to 1.19-1.23 where it should be floating till news comes. Those who want to sell at 1.17 because it better than 1.16, 1.15 etc will find themselves buying back at 1.20-1.21 and making some people a few k for a hard days work.
This only works on mild low volume nothing burger days like today.
Dont be suckered into the temporary drop, its not a conspiracy, just simple tactic that tricks some of us into panic mode. I almost curse the ability to self trade these days. Too many nervous people behind the trigger.