RE:New buyers have an interesting perspectiveDJDawg wrote:
I had told a friend in passing about TLT a while back and they did some DD and were interested in building a position.
My friend pointed out that it was not realistic to do much as there is so little to buy without spiking the price. The were interested in buying up to 200,000 shares at some point (a whopping 65-70,000 dollar investment :) but told me that was on hold. Today, if they tried to buy a chunk like that it would use up all the visible 2nd level asks going up to 0.37 just from their bids alone. One person.
So they play to hover for the time. But I thought it was an interesting perspective that one person interested in joining the party couldn't do so without singlehandedly causing a 10% price jump by themselves.
Tell your friend to give the buy a try. I was able to double my position in the past few months and the price bearly moved. A lot of the trades went through the other Canadian exchanges. A lot of the asks weren't showing, when I put my bids in they got filled.
best of luck