GREY:LSTMF - Post by User
Comment by
valueman1on Jan 21, 2014 7:37pm
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Post# 22118194
RE:RE:RE:RE:Anonymous
RE:RE:RE:RE:AnonymousCould be an iceberg order. This is an order whereby 1 seller is selling a large amt of shares. The broker essentially hides the true size of the order by putting the order out in blocks (eg 5000 shares at a time for a total order of 25,000 for example). The purpose of the order is to hide the true size of the order. When the 1st 5000 share block is sold another 5000 share block suddenly appears.
Hope this helps