Newstrike Brands Ltd NWKRF

RE:RE:RE:RE:Walls up on both warrants

[blobboy]

JD2016 wrote: Thanks Blobboy. I've heard speculation about this strategy on various bullboards but it's the first time I come across someone admitting to doing it. Not in any way criticizing your action. All in a day's work. GL

blobboy wrote:

JD2016 wrote: Sometimes those walls are fake and they makes weak hands sell into to bid which in many instances belong to the same seller. 

Fattty33 wrote: There looks to be large walls up on both sets of warrants just above current levels. Could be people taking profits, or could have another reason to suppress the price? 

ABSOLUTELY - I`ve traded this way before...big ask @ 10.5 to make it appear you want out, but also bidding in little increments @ 10 and scooping small lots only to feed the 10.5 ask again. Sometimes you can get burned if a big buyer steps up to the plate and takes your position - then your chasing, game on

It`s all fair game, if you get into the sweet spot you can make some good scratch on a daily basis. But sooner or later someone else moves into the position. A good example would be the participants in the last 2 PP`s - they gladly sell it down with their huge positions triggering shallow stop loss sell orders along the way. This way they end up with a larger position cheaper than their original entry point. When you have millions of shares you can control the bid / ask and scoop the unsuspecting retail shares out from under the holders position. But it`s not fool proof, whoever is privy to best information first prospers the most, if your on the outside looking in when that positive NR hits....your out baby.