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Re: sicofbs post# 24347

Thursday, 05/12/2011 6:59:31 PM

Thursday, May 12, 2011 6:59:31 PM

Post# of 129054
Here's what I observed.

There was a big support level at .05. Some investors were not getting their order filled at .05, so they bid just a little more than .05.

Large sell orders came in and hit the bids that were above .05. but since it was below the ask, the bid price increased somewhat. Some call that bidwhacking, but I think that is smart buying if you want to accumulate shares.
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I've seen it work the other way too. Large buy orders come in, but some nervous investor undercuts the ask to get their sell orders filled and the price drops even though buying outpaces selling.



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