Capstone Green Energy Corp (fka CGRNQ)

[Seasound]

Interesting article in the WSJ yesterday titled "SEC Probes Ties to High-Speed Traders" in which a trade called a "Hide Not Slide" is discussed. Basically, a Direct Edge customer selects a Hide Not Slide trade when entering an order to buy or sell. The order sits on Direct Edge's system only and doesn't transfer to another exchange.

If the order doesn't get filled immediately the Hide not Slide conceals the order at it's original price and displays a phantom order one cent away from the best price. The order doesn't execute at the phantom displayed price but maintains its place in the order book at the original price.

When the original price becomes viable the original order "lights" and is executed. The customer also collects a rebate from the exchange.

Direct from Direct Edge launches Hide Not Slide order

I think this could explain some of the odd behavior recently. What we see isn't the real deal, and at the moment EDGE has the highest bid quantity displaying on level 2.

Here's another "seasoundism" for you Capt'n--"When trading against the machines patience is a virtue."