Has anyone else observed this typical behaviour; where a large sell order appears on the screen premarket and gets deleted at around 9.59am just before normal trading commences. On most days the this order merely gets deleted on normal trading start time. Looks like someone wants to create an illusion that there is going to be heavy selling in the stock to entice other sellers to sell down cheaply while the person creating this illusion deletes their order at around 9.59am. This morning there is a seller for around 337,500. Will be interesting to see if they do actually sell down or merely another illusion.
IMHO; This stock has great potential at present levels with the milestone payment round the corner this financial year.
Disclaimers, DYOR et all. Your thoughts beautiful people !!
Pre-Market Selling Illusion
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