Friday, February 12, 2021 11:59:23 AM
Some see the bid as just people wanting to sell and if so many bids are out there then the demand to sell is greater that would make some think the price will drop.
The bid is NOT what someone will sell it for, its the price a market maker is willing to pay someone. the sale depends on if someone decides to sell.
If there is a stacked bid that means lots of market makers are trying to get inventory. The MMs probably know brokers will be caught in a squeeze and want to get shares cheap before the squeeze.
If a MM buys the shares for $.006 and the $.10 squeeze happens, the MMs won;t need to raise and pay the new bid of $.08 so they make a killing.
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