It is not that they dont want it to go higher... there must be a bigger block at 8.. For example, someone wants to sell 100k shares at 8 but only 30k goes through moving the share price up to 8, but there is still 70k at 8 that needs to be bought before the next ask goes into play at hopefully higher share price.
I did notice a 400 trade just a minute ago, many believe that's a signal to keep trading the stock sideways. I don't think its MM's keeping us in that range unless the old 57 Hudson (HDSN) was parked there and there not. Go figure Sure
100-I need Shares 200-I need shares badly but don't take the stock down 300-Take price down so I can load-up 400-Keep trading it sideways 500-Gap the stock this could be up or down depending on the direction of the 500 signal 666 Stock is going to tank
I've seen these trade signals many times and beleive there is some truth to these numbers.
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