RDN
According to a recent poster:
There's a feeder using an algo to feed the sell line at 3.4c.
RDN. Market manipulation.. big boy games
It looks like they're slicing their sell order into smaller 10,000 to 25,000 lots. Hopefully they're nearly done.
If you watch it carefully enough, you can see that there are also some larger parcels of around 50,000 which are amended instantaneously by the algo into 70,000 or 80,000 odd parcels in lock-step with buy side increases.
i personally can't stand this type of trading,i don't think it will be long before it dramatically drops after the strong run as i'm not getting any reasons for it to rise above 3.5 cents.
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- Morning Trading September 14
Morning Trading September 14, page-171
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