Newstrike Brands Ltd NWKRF

Walls up on both warrants

[Fattty33]

There looks to be large walls up on both sets of warrants just above current levels. Could be people taking profits, or could have another reason to suppress the price?

[JD2016]

Sometimes those walls are fake and they makes weak hands sell into to bid which in many instances belong to the same seller. 

[blobboy]

ABSOLUTELY - I`ve traded this way before...big ask @ 10.5 to make it appear you want out, but also bidding in little increments @ 10 and scooping small lots only to feed the 10.5 ask again. Sometimes you can get burned if a big buyer steps up to the plate and takes your position - then your chasing, game on

[JD2016]

Thanks Blobboy. I've heard speculation about this strategy on various bullboards but it's the first time I come across someone admitting to doing it. Not in any way criticizing your action. All in a day's work. GL

[blobboy]

It`s all fair game, if you get into the sweet spot you can make some good scratch on a daily basis. But sooner or later someone else moves into the position. A good example would be the participants in the last 2 PP`s - they gladly sell it down with their huge positions triggering shallow stop loss sell orders along the way. This way they end up with a larger position cheaper than their original

[ripthorne]

Rbc keeps buying.   Just added another 100k in wt.a.  Thank you

[blobboy]

those walls could be for accumulation...make it look like people want out real bad to secure the cheaper asks. Not too long ago the wall was at 8 cents, 9 cents and then 10 cents on HIP.WT, I might also point out that not too long ago HIP.WT.A was at 10 cents....hmmmm. Hold and prosper is my mantra.

[Fattty33]

Yeah, I totally agree about false walls, happens each morning on the larger stocks pre-market.  I just hadn’t seen them that large since the run up started a week and a half ago. But you’re right, those walls used to be there at .11, .12 etc not long ago.  I’m admittedly very heavy in the warrants. Have moved most of my position from the originals to the ‘a’ warrants the last three

[ripthorne]

This thing is going to rock. Watch