bid and ask (manipulation? who knows)I'm not one for saying that stock price movements are because of manipulator but the bid ask today is interesting.
Someone put 181,500 on the ask at 0.17
There is a bid of 95,500 at 0.165 and another 50,000 at 0.16
So the person with the bid at 0.17 could sell 145,500 for $24,735 if sold at 0.17
OR if they really want to get out of TLT asap they could just sell a similar amount for 23,757.5 and take the bids right now at 0.16 and 0.165, In both scenarios they "exit" most of the position but the price difference is a bit less that $1000.
Follow my logic here. They really want to get out, to the degree that they are putting a large ask at 0.17 but are holding the line for an extra $1000. Whenever I've sold out a larger position, I have done it in small chunks over a day or two to not create a ripple.
I feel that putting a large ask right there is likely to create a wall that most will not have the funds to buy into. Or they will be nervous about further dips so hold off. It feels fake in terms of how normal people try to buy, sell or hold. But that is my opinion.
It is frustrating as it does feel manipulated and not a fair reflection of TLT's science and overall worth. If I had the cash I would buy out that ask as it is a good deal but, like most of us, I'm maxed out for now. Which is the perfect scenario for a stock to be manipulated at.
ps: the bid ask may be slightly different buy the time I finish writing this.