Amfil Technologies Inc (FUNN)

[recinvestor]

I'd like a bid blocker end of day.

What does that mean?

Often times when a market maker is actively shorting, they will drop the ask at the very end of the trading session and force a trade at that price to end the days action. Despite what happens intraday, the closing price is what leaves the lasting impression and sentiment.

So at the end of the day, fair is fair...if a market maker actively shorting can drop the ask to try and manipulate a lower close, so can the longs, but in the opposite way.

If a bid is placed very near the ask is at the end of the day (within 5 minutes of the closing I'd say), in essence this acts as a bid blocking tactic to keep a shorter from dropping the ask down at the closing.

I mention this mainly because the spreads here have been wide at times, and if the spread is wide near closing, an active shorter will take advantage of the situation as detailed above.

So if there is a wide spread near closing, I'm suggesting a bid/s be placed near the ask to counter.

I see this as a long hold, but that doesn't mean I don't enjoy and pay attention to the day to day.

Go AMFE
Rec