'Ravenhaller' said: "I've noted of late we always have a very heavy sell side. Most sells are in an uncompetitive range - they look to be retail orders intended to catch any price spikes."
A "..very heavy sell side. Most sells are in an uncompetitive range.." are a -classic style- of the 'bot' masters when they're desperately trying to downramp the sell/buy price figure for 'their' accumulation benefit on any stock.
They are simply playing 'mind-games' with any 'nervous-nellies' by hoping to 'panic' them into offloading their shares at their low 'bot-price' because they've managed to convince the 'nellies' to think that theirvery heavy sell side numbers, which are always conveniently located just higher enough to bein an uncompetitive range, are indeed 'real' sell orders.
BUT should any 'REAL' large buy orders happen to come along, just watch, as those large FALSE 'bot-bait' sell side orders, disappear/be withdrawn in less than the blink of an eye to prevent them 'actually' being sold.
It's called psychological warfare. Just another of the 'entertaining' features of the daily adventures of the stock markets.
GXY Price at posting:
40.3¢ Sentiment: Buy Disclosure: Held