Bought some RXL today. Some interesting experience. I placed an order of 20k buy @30.5c, at the time there were 15k+ @ 30.5c on the offer side. As soon as I clicked the buy button, Majority of the offered volume disappeared, I only got 6k filled @ 12:00pm.
Then I jumped up another half cent to complete my order, where on the offer side there were just more than my outstanding number of shares @ 31c. As soon as I clicked the submit button, offer side disappeared again, only filled a little bit more. However, the market depth looked like below, with matched price of 31c on both side but just wouldn't fill my order, until I finish my lunch.
I guess current price is lower than most of the existing holders' costs. Why not put the money to your month guys, especially for who are extremely optimistic, directors included?
(20min delay)