RE:interesting tradingYo_Dog wrote: Watching the first few mins of trading this morning.
On the bid side, there has been a couple 10k share bids in the $5.4 -ish price only to be pulled quickly. Then a 10K share offer came in at 5.50 and didn't last a minute before it was taken out.
Spoofing
Spoofing is an illegal practice in which an investor with a long position (long term ownership of an asset) on a security makes a buy order for that security and immediately cancels it without filling the order. Spoofing tends to increase the price of that security as other investors may then issue their own buy orders, which increases the appearance of demand.
The first investor then closes his/her long position by selling the security at the new, higher price. Spoofing is a form of market manipulation.
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