1S1, I also noticed a build up of buyers on the buy side during the day.
The one that I found interesting was the 500,000 LOMOA buyer at 22.5 cents (equivalent to 42.5 cents), which will cost them $112,500 if filled.
They obviously are willing to "indirectly" (via LOMOA) buy 500,000 LOM at 42.5 cents, knowing it would be impossible to buy this sort of volume easily / directly via LOM alone.
This buyer must be confident and definitely wanting a fair amount of LOM shares. It could not be a "bluff" buy order, as if it was to be filled it would be very difficult to offload (at the moment) based on the illiquid nature of LOMOA shares.
He is also willing to say, if my order gets filled well and good ... if not, C'est la vie ... and obviously happy to buy 500,000 LOMOA at such a bargain basement price. Mind you I picked up a fair amount of LOMOA shares at 16 to 20 cents about 1 year ago.
GLTALTH and have a nice weekend
Zippy1
1S1, I also noticed a build up of buyers on the buy side during...
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