Theralase Technologies Inc. V.TLT

bored/curious

[DJDawg]

Yesterday and today (just now), saw a huge ask appear at 0.45. Massive block of shares. I could see if someone was taking profit they would sell some, but that much? I could see if someone got coldfeet and was cashing out the would sell but why do as one big static block at 0.45 ask point. Obviously it creates a big ceiling....but why.

What is the stock strategy behind this kind of thing? Like, as a a real answer. Not just "manipulation" or "blowjobjoe's boss....".  Genuinely curious how traders/day traders/speculators work and how this benefits anyone to have a big boring chunk of shares sitting at a 0.45 ask today and yesterday. Would never want to emulate but I'm curious how the game works behind the scenes.

[Lesalpes29]

After two days... we can think that somebody is selling! Whatever the reason is.

[99942Apophis]

DJDawg wrote  Yesterday and today (just now), saw a huge ask appear at 0.45. Massive block of shares. I could see if someone was taking profit they would sell some, but that much? I could see if someone got coldfeet and was cashing out the would sell but why do as one big static block at 0.45 ask point. Obviously it creates a big ceiling....but why. What is the stock strategy behind this

[DJDawg]

Thank you! That explanation makes a lot of sense, especially when bio stocks are often dealing with information uncertainty. I can see when everyone is waiting for some news, a big ask like this would like someone knows something and is getting out. The fixed ask at 0.45 is the part that wouldn't fit with someone trying to exit asap. I could see how easy it would be do do this with penny