Cytodyn Inc (CYDY)

[kgromax]

Nope. Stop orders being triggered and trader rooms stepping in to catch a bounce and profit from there. This explains very well this type of bounce we saw in Cytodyn stock price on Nov. 9-10 2020.

These 2 days the bid side of the Cytodyn order book got destroyed by the sale, the stock crashed, triggering stop orders. Until the initial sell order (broken into iceberg chunks) got exhausted. There, the order book was "clean" for a bounce, very dense on the bid side and exhausted (rarefied) on the ask side. There, trader rooms stepped in and catched the bounce.

It's pretty standard and common on the OTC market and Cytodyn was no exception.