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Wednesday, 05/15/2024 10:18:53 PM

Wednesday, May 15, 2024 10:18:53 PM

Post# of 6857
Was todays activity a STOP LOSS ORDER take out??

that move that dropped the share price sharply down to 25 cents or so reminded me of a manuever by the market to clear out

STOP LOSS orders just sitting there. Volume has been way down, and I imagine there are shareholders who set up stop loss orders

to protect against a falling share price. The market makers can 'see' these orders, know how many shares are 'ripe' for the picking

and todays 'hit' has me thinking a lot of folks looked at their accounts and realized they no longer had their shares.

Sad part is, the share price is dropped thru the stop losses, bottoms out and then the trades are executed. And once they are cleaned out,

a bounce off the lows takes place.

Unfortunately, this is happening at a time when the momentum has been dampened and who knows when the next PR bump will occur and if

anyone is watching/waiting for it, with the ultimate question being, how big a bump might it get.

And someone just posted there could be shares available down in the 22 cents/sh range. If buyers are scarce?? its possible.. cause that move today

did not help things..
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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