Tuesday, July 09, 2019 3:14:26 PM
Look at those large stacks posted to sell! (And yet none of them are in a range where the sellers have to worry about people buying them) so why stack the ask? Well easy, if they are able to stack the ask they can scare other investors into thinking there is no hope for their shares, then you sell your shares even cheaper (surprise they are likely stacking the bid to pick up any shares sold cheap then add those to the ask)
Once the price movement starts going up where they might accidently have their shares bitten into on the ask, most will pull their stacks (after all they don't actually want to sell their shares at these levels, but just APPEAR to want to sell their shares.)
Just little tricks to watch for people. If they were selling into the bid, then we could expect more of a price drop (maybe, unless they only do it to scare those who read this LOL)
If they do decide to sell into the bid to scare others, be ready to get those cheap shares!
GOOD LUCK!
Wolves feed off emotions here, the more emotions in the board the more wolves hiding among the sheep. Do your own research and due diligence!
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