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Re: GLee17 post# 63131

Wednesday, 09/13/2023 8:46:57 AM

Wednesday, September 13, 2023 8:46:57 AM

Post# of 67537
MM's are the ones that manipulate the action when those type of orders come through, they do not fill higher retail bids and let the market order go lower than the bid to fill their order and cover a short position. This is why instantly after the fill there were larger bids at .016 and .012, it is not like those bids were put up in a second after the .0104 fill, they were there prior and were skipped over so a MM could cover a short position as low as possible. And the algo had the MM cover right at the 200sma with a subsequent slap at .0206 right after the fill to show a quick test and bounce off of the key SMA