Replies to post #44765 on HPIL Holdings (HPIL)

[Philosophical Trader]

Of course it is how they fill orders. But why not just fill it all at once? It is how they manage the stock price. This is also why you see 99k orders on the sell side. The MMs will jump over to the sell side to keep the price in a range and prevent too much of an increase. It's too bad I didn't have full L2 when those were coming out because I would like to know which MM/s was/were doing that. They are competing against and amongst each other for fill rate and price and fighting off daytraders (flippers) who piggyback off them. It is so much more complicated than what you are saying. The difference here is that I have never seen this kind of activity so consistently on any other stock that I've seen trade. It is a sign of large orders and the need to manage the stock price.



I can buy 100 shares of sub penny stocks all day with Schwab without paying a commission. This is because those orders are actually sold to MMs/trading houses to fill