Is there a silly trader out there who thinks a 50,000 buy order is going to make a difference?
When 100,000 KOR shares were sold at 10.44 the 50,000 buy order was taken off at 35c and put on at 34c.
Yesterday the same thing happened. As soon as the 50,000 looked likely to be filled it was taken off and put on at a slightly lower price to give the impression of more buying depth.
I am also wondering whether that 50,000 order could be from a larger seller. Because there has been quite a bit of churning over the last two weeks in a narrow price range - basically 35c to 38.5c.
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