RE:Done! Went Market Price - 1,000 @ 3.43Democratus wrote: My logic being, I already own it ... waiting for it to drop $0.02 to buy more actually costs your current portfolio that $0.02 down. In any case ... I'll stand PAT with 10,000 shares of CGC. Thanks for the DRAMA!!!
Good, you are thing like a market maker now.
But the problem is, your money is limitted.
When market maker wants to push share price up, they use this tactic.
For example, if they see the resistance at 4$, then they will set a sell order at 4*1.03~4*1.05
Then they will set a limit buy order at 4.01, this will break the resistance and trigger the short cover.
Most of time, they will be able to keep the same share and same amount of cash but the price price goes over the resistance, so as the parfolio.
I learned this from a fund manger.
:)