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Bullboard - Stock Discussion Forum L&L Energy, Inc. LLEN

"L & L Energy Inc is currently engaged in the business of coal mining, coal consolidation, and wholesaling in the People's Republic of China and its operations are conducted in the coal-rich Yunnan Province in Southwest China."

OTCPK:LLEN - Post Discussion

L&L Energy, Inc. > 30K+ at $1.99 on the bid
View:
Post by Cool_Scirocco on Sep 14, 2012 3:57pm

30K+ at $1.99 on the bid

The object is to get that big order to fill, and so there are eight different MPID (market participants) sitting on the ask at $2.00.

If my interpretation is correct, those orders are there to create the impression (for someone who wants to sell) that there is no way they'll be able to get a sale at $2.00, so it's best for them to just dump into the bid for $0.01 less.

Oh, look at that. Someone just dumped over 10K into the bid.

Comment by Cool_Scirocco on Sep 14, 2012 4:33pm
Another 20K+ were dumped into the bid in the last three minutes of trading. Two blocks were larger than 9K each.
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