Post by
Meldor on Apr 29, 2022 5:40pm
The wall
There is something very abnormal going on with the seller(s) bringing back a wall of a few million+ cheap shares just prior to the news release of a very substantial change in the financial books of DM.
MG said a while back in discord that he was not aware of any known manipulation going on, but I would not be surprised one bit if this wall played a role in their decision to find the best timing for the news release, therefore changing it to monday for maximum impact. I suspect a growing number of bids will see a sudden and massive shrink in the ask. Those sellers can't be that stupid.
Comment by
Investor10X on Apr 29, 2022 6:18pm
I agree, there is something very odd going on with those walls of shares. Investors can email IIROC to look into it and they have to follow up with any complaint, but they don't have to inform you of the outcome of their investigation. To be honest, it would be a waste of time anyways. The regulating bodies are more reactive than proactive.