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Tuesday, July 25, 2023 1:40:36 PM
Check out this post:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171582348
I was watching the trading that day and saw the large bid flash for maybe a minute or two, if the poster was serious about executing the trade why not leave it there longer? Because it was never intended to be executed, it's spoofing which is illegal... possibly in order to get a large shareholder to think there is demand and dump his shares.
"The main idea behind spoofing is trying to create a false impression of buy or sell pressure. For example, a spoofer may set a large number of fake buy orders to create a false sense of demand at a price level. Then, as the market gets close to the level, they pull the orders, and the price continues to the downside."
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