Friday, November 09, 2012 4:08:08 PM
On a limit, those shares only go at that price, and since there is so many of them it would take a long time to get trough them when the bid is lower, and the prices doesn't go up and traders are forced to sell at lower and lower values because the ceiling is sitting there.
I'd like to know the quantity of shares sold at .115 over the last 2-3 hours. That might help is determine if the huge position was cancelled or sold.
Technicals don't take into account trades that are not made, and by dumping a huge quantity then canceling what's left, the impact may still hang over the rules they play by when market forces would have changed their data had the huge ceiling not been placed to begin with.
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