Question for the day traders...I want to know what is actually happening when the same person/broker keeps selling lots of 100-300 every 30 seconds for the entire day.
Is it designed to keep the price in a certain trading range or sneakily drive it down when there is low volume or what is the point?
I've been seeing a lot of this with my stocks lately and today RBC is doing it to GCU today and it's very annoying. It seems that it's almost being done with a trading program or something but I can't seem to find out the actual reason why it's done.
I know there is something shady going on because it's not normal trading behaviour and has to be a major broker doing this. I say this because if a retail investor did that they would be killed in commissions, even if they were paying $10/trade there must be 500 transactions in a single day.
So does anyone have any reading material or information on this? It would be really interesting and maybe enlightening to know what the heck is going on.
TIA,
Gamblor.