SureTrader
Interactive Brokers Advertisement
SureTrader
Home > Boards > US Listed > Cannabis > The NOW Corporation (NWPN)

NWPN I'm not saying this is the case

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
DWD_PBC Member Profile
 
Followed By 20
Posts 1,295
Boards Moderated 0
Alias Born 01/22/15
160x600 placeholder
DWD_PBC   Tuesday, 02/28/17 02:57:21 PM
Re: None
Post # of 1948 
NWPN I'm not saying this is the case here, but it's possible...
Quote:
Another (MM) practice is the "no intention to sell/buy order". It's basically a fake order. They will post up a huge sized trade on one side of the bid or ask in order to create a false sense resistance or support. Once they see the action they want to see they remove these bids, sometimes you'll hear people say, "that 2 million share bid just got pulled off". These orders are easy to spot as they tend to stay away from the market action as they obviously wouldn't want that order to accidentally fill if the market moved too quickly, and the size of the order is going to be not typical for the volume being traded. No trader wants to buy 1 million shares of a stock that has only traded 5 million shares a day unless he wants to own the float.



SureTrader
Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist