Post by
mogilny on Sep 16, 2020 7:59pm
Spoofing or Stupidity
Anyone noticed a huge 300K+ 1.59 ask order at around 1pm today? its like a quarter of the daily volume. There was a nice rally at that time, going for 1.60+ until that order zapped the momentum.
I am not an expert or an advisor, but imho, if it was a legit trader, it would have been wiser if the trader split the trade into several orders over the afternoon. They are moving half a million dollars. They could have gotten a higher average price.
If it was a spoofer, I hope their algo trips up. I wish there is a place to report spoofing. I can so write a script to monitor and auto report these bums.