
Friday, August 23, 2024 4:49:34 AM
If the order doesn't clear up by this upcoming Monday, I will be selling my position to make money NOW elsewhere.
Someone who has 500,000 shares wouldn't show their hand like that expecting to sell their position. They would sell 50,000 position increments or something similar in order not to scare off the bids. Someone would only do so in order to stop the stock from running up. It's called a wall and it's meant to stop investors from paying too much. There can be many motives for doing so, like trying to accumulate a position at a lower price or trying to maintain a short position. Either way it's costing investors time and money.
So being the case why not sell and make money now somewhere else.
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