Replies to post #64387 on Andiamo Corp. (ANDI)

[thatguy157]

Hi thatguy please xplain fake bid, buy bid

Here is a post I made about it before. The Fake 10k is someone that was faking a blind bid and hit the ask at EOD to create a little interest and instigate buying.

However the Volume was not significant and someone took out the Fake 10k shares on the bid. It was just a traders move, nothing significant.

Nite is just another retail MM that Scott Trade usually trades through (and other brokerage firms). I am not sure if it is significant or not yet. But it is interesting. If someone is trying to hide a big bid and actually accumulate shares quietly. They can call there brokerage firm and ask for their orders to be "hidden." This would represent a 10k blind Bid (it used to be 5k showing). People could dump on it and not actually know what is behind it while they scoop up large amounts of shares. It is a tactic commonly used on the ASK to unload large amounts of shares without creating "known resistance on the L2." Typically done by Diluting MM's (CANT, PUMA, CDEL, VFIN etc...) When you put a large showing bid, it usually puts buying pressure on the Ask because people feel more secure about at least having the opportunity to get out even though it is commonly lower than their entry. But when you do that, you can't usually get a large fill because it creates momentum that traders are looking for. The opposite is also true. A large Ask wall decreases momentum and usually drives the PPS lower.

It could just be 10k shares of someone trying to fake a blind bid (another tactic). But if it is a blind bid, then someone could be trying to load ANDI. Because it could be a few million share block. If they are buying then something could be up or about to be for that matter. But we wont know until it gets hit for an amount over 10k shares.