Anavex Life Sciences Corp (AVXL)

[jimmy667]

Professional trading organizations have subscription to Level 3 market order books so they can see stop lost orders hanging there literally as low hanging fruit ripe for the picking. The larger the share count of the stop loss order the greater likelyhood of HFT to move the market prices down to the visible stop loss order. Dirty little secret. They just short into the stop loss orders then the have shares ready to sell to them to cover the short at a much lower price and often the stock quickly recovers price on a reversal. Mental stops are the only rational and effective defense. Large stop orders scream "take my shares for cheap" so they do, especially in micro cap stocks that are easily manipulated.