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Re: martin33 post# 3880

Thursday, 08/06/2020 6:37:00 PM

Thursday, August 06, 2020 6:37:00 PM

Post# of 5711
They have a boatload of shares that are behind the ask. Level 2 doesnt work with these guys. They want to make it seem like they have a limited amount of shares at the ask, hence the low blocks. Noone will know how many shares they have. So those buying will see a block of 5k shares and think to themselves that they will slap the ask and wipe out 5k shares, thinking its a great deal. Only to find out there is another 5k or 10k block with a lower price later on.

So really the only saving grace here is good news. Otherwise NITE can decrease your shares' value by 50% if they wanted to.