Resverlogix Corp. (RVXCF)

[growacet]

I don't have much faith in L-II quotes....

The way I see it L-II is too easily manipulated. With an obscure stock like Resverlogix (or any other low profile company) the big boys can use L-II to create a false impression in my opinion.

If there's a big player looking to accumulate a stock, imo he can put up a big block on the ask side....not because he wants to sell but because he wants to create an impression that there's a ton of shares available. Some retail schmuck looks and says, "Whoa...there's 20K shares available on the ask just a piddly little 300 being bid, I'm gonna stay away".

With Iceberg orders a big player can hide the largest portion of his bid. Maybe the big player wants 50,000 shares...but he uses an iceberg order so that only 500 is visible while the other 49,500 is the hidden portion.

I've talked to tons of retail investors over the years and hardly anyone knows about this. Here's an article:

https://www.investopedia.com/terms/i/icebergorder.asp

Of course it works both ways. When a big player wants to dump a ton of shares the iceberg can be used on the ask size. Maybe someone wants to dump 250K shares, but they'll only show 1K visible....and at the same time they can put up a massive bid fully visible to create a false impression that there is tons of demand to go along with what appears to be very tight supply.

You see it on message boards all the time..."HUGE BIDS AND HARDLY ANYTHING ON THE ASK". Then a week later the sheep are going "What the heck happened, it looked so good and I'm already down 50%".

Its a contrarian way of looking at the market. The reason the pros are able to buy low and sell high is because there are all kinds of little tricks they can use to get the sheep to do the opposite.