Post by
stocksnbonds458 on May 12, 2023 8:47am
150K
I put a buy in yesterday for 150k at .25, the price was .24 at the time. Within 10 minutes the price shot to .29. I asked an experienced trader friend wt precious f happened, he said that with such a hefty size bid, many sellers would pull their sell and increase their ask. They would then buy a few at the higher price thinking I am willing to pay more cause I am hungry for the shares. I pulled my bid around 3:00 pm. He also said the "they" is a sophisticated trading algorithm, as he said its all AI now. I call it the greed algorithm lol
Comment by
Oilminerdeluxe on May 12, 2023 8:52am
Feel free to do it again today :-)
Comment by
Beano349 on May 12, 2023 9:31am
.25 or .35 doesn't matter if the end game is $8!! :) good luck getting the shares you want, I am in around .27
Comment by
Rumpl3StiltSkin on May 12, 2023 9:36am
SnB, Your large order, relitively, probably spooked the idgiot that was short this stock... Causing him/her to cover. Buy in smaller chunks today. See how you do...