Theralase Technologies Inc. V.TLT

curious

[DJDawg]

I was looking at the 2nd level and saw that there is a series of large orders for each step from 0.28 to 0.3. My broker doesn't show the number of orders to make up the total. The cash required for this series is about 150,000. For this to happen, doesn't it mean various people have placed orders and effectively locked up their cash as long as the order is not filled. I have a hard time understanding this sort of thing. Why would you "park" cash further down the chain.

The only reason I can think of is that there is a history for TLT of someone suddenly selling a chunk of shares and crashing the price in one day. I think the work manipulation gets tossed around a lot so not going to use it. Is it possible that some smart people have placed some placeholder orders so that if anyone tries to briefly dump a bunch of shares they can get them cheap? There have been times I've seen in drop 12% in one day and then swing back to baseline by end of day and I feel regret that didn't grab any of the shares when briefly cheap.

If anyone tries to crash the price trying to sell to themselves, I can see that these orders are a nice disincentive as you won't be able to crash the price and keep the shares for yourself.

Any other explanations.....?

108000

0.30

100000

0.295

100000

0.29

131000

0.285

104000

0.28

[Rumpl3StiltSkin]

Perhaps TLT has finally found that Angel...???

[Scorpio2]

the Angel theory makes sense. I can see a strategy like this at least being able to prevent a flash crash by putting up a series of decent sized price walls. Seen a few of those before and they are not fun especially when the bid side is thin. The crasher comes in and sells a minimum of shares to drop the price, then picks up the shares available at the lower level price where there is a "

[DJDawg]

Interesting discussion. My broker doesn't allow stop loss orders on penny stocks. Do others? If so I can see how that would work. I saw a stop loss raid on another stock I followed years ago and it was very dramatic. Made me nervous about automatic stop loss orders. Do other brokers allow stop loss orders on penny stocks below a dollar?

[Rumpl3StiltSkin]

Yeah, it is nice to see these walls form on the bid side for once, on TLT.....