Like I've said many times before, there is a serious art to operating large orders in the market. If you don't know what you're doing, go get a broker.
If the person who offered 787534 shares at 32 cents this morning is reading this at 8.39am consider the following :
Firstly, that is a quarter of a million dollars worth of stock in one line. You are no doubt part of the reason that brought more selling in first thing this morning. You are negating your own position and when you do get taken, the stock will no doubt be in the process of breaking out and will probably go up a couple of cents immediately which will cost you $15k.
All to save a bit in brokerage.
Does any of this make sense to you? If you were buying a property would you disclose your whole hand immediately?
No and this is no different.
Ted.
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