GREY:WFEMF - Post by User
Post by
mtlimpacton May 23, 2015 11:23am
200 Views
Post# 23757308
0.05 trade
0.05 tradeActually it's called a regular market at the time of this trade the bid-ask was 0.05 to 0.07 so you buy at 0.07 AND SELL at 0.05 nothing magical and surely no manipulation.
As per the sell order at 0.055 it was an iceberg order, simple way to split a large block in smaller size so as not to scare the market also legal and very often used in trading.
And lastly MM do not have more info then regular traders, that is they can't see the total size of iceberg orders or know who the firm behind anonymous is but the are obligated to buy and sell odd lots on the bid and offer just like yesterday's 0.05 trade.
Hope this help's to get some fear and consperacy theory out of the markets and good luck to all the longs.
For full disclosure I am long Woulfe and Resinco.
Always do your own DD, bulletin boards should never be your main source...