Retail has to stay calm, algo’s are leading the prices In my view after multiple days of throwing up larger size bids in Ath and Gear, the algorithm buying doesn't stop. Ath is set at 200 shares and Gear is set at 500 shares. Of course this is a daily occurrence, but for anyone new maybe this can help.
Today alone, I put up a decent bid size for Gear and I had one hundred and twenty buys of 500 shares. It took hours for the algo's to eat into my bid. It was set for 500 shares each and every minute. There were sporadic 'real' people sellers doing 8-15k and once the last hour of the day came, someone sold me the remaining 65k shares and then the stock started to rebound as real buyers came in
to help out lol, so the algo's didn't have the juice to hold it down.
So just don't be disappointed if the algo's continue to pressure our stocks.
Good luck everyone, rough few weeks could be coming with bounces here and there most likely.