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Posted On: 12/12/2019 9:37:35 PM
Post# of 86984
I'm glad you brought that up. Yes, the sizes we see on OTC stocks are much greater than the sizes seen in the higher priced stocks on major exchanges.
Even a single million share sell can effect the PPS in a huge way. Imagine someone market sells 1M when the PPS is 2.50. It could potentially cut the price in half, or more if the bids couldn't absorb that much stock at once.
Similarly, a sell wall of millions could cause huge panic selling into the bids by other traders.
It will be interesting to see how the market reacts to the huge sell orders that we know will show up once we get upwards of a buck. If they get absorbed quickly that's a good indication that corporate money is buying.
Even a single million share sell can effect the PPS in a huge way. Imagine someone market sells 1M when the PPS is 2.50. It could potentially cut the price in half, or more if the bids couldn't absorb that much stock at once.
Similarly, a sell wall of millions could cause huge panic selling into the bids by other traders.
It will be interesting to see how the market reacts to the huge sell orders that we know will show up once we get upwards of a buck. If they get absorbed quickly that's a good indication that corporate money is buying.
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