Friday, December 15, 2023 2:24:58 PM
I've called my broker since he has 'book view" (a Bloomberg product) which shows all the orders, and I asked this. XXXX MM hit the ask as $0.00XX and then they were joined by CSTI and GTSM. My question was, what is the order in who gets hit first for a buyer who tries to slap the ASK.
Guess what, the original order to sell is now sitting in the 3rd spot to be filled. So they want to push the seller to a lower price. Frustrated the seller moves lower and when CSTI/GTSM can't, or are unwilling to push the seller lower they take the seller out and immediately move higher.
That makes me think that this isn't "whacking" - it's accumulating shares. Led by whoever is trading via CSTI or GTSM.
AGAIN, just an opinion. Hope everyone has a Safe and Happy Holiday ahead.
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