Really wacky action today.
Get this, I put a 300K bid at .0085 and CSTI matched it on level II to the T!!! I switched it later in the trading day, 135K at .011 (never filled) and CSTI matched it once more. They did it a third time. Is this really THAT thinly traded that MM's will match me bid for bid?
If so, as a group we have to figure out how to work this to our advantage. So on the ask side if we take out small blocks (seem to be in groups of 10K) will the MM computers respond and just jump higher?
Hell, I'd even put a small fund aside to take out small blocks if necessary to gap to higher levels.
I'm relatively new to trading in general, particularly pennies. Been at it about year and a half. My big payoff came on HPTG when I bought big around .005 earlier this year.
Thoughts on this oddity?
