Does it seem to anyone else that some days the bul
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Posted On: 02/09/2022 10:08:21 AM
Does it seem to anyone else that some days the bulk of intraday trades on CYDY are just market makers trading shares back and forth? As soon as I saw that big Bid wall this morning at .64 and .63 I thought to myself that it was just market makers trying to sway people into buying on the Ask so that the MM's (or whoever) could open some big short positions. Sure enough, a couple minutes later huge sells come through on the Bid and wipe out the big Bid wall.
CYDY has traded almost 1.5million shares in the first 30 minutes and I bet over 90% of the volume is just MM's trying to lure people in. Probably less than 10% of the volume is actually retail, imo. Happens a lot, if you follow level 2 and time & sales for any length of time.
CYDY has traded almost 1.5million shares in the first 30 minutes and I bet over 90% of the volume is just MM's trying to lure people in. Probably less than 10% of the volume is actually retail, imo. Happens a lot, if you follow level 2 and time & sales for any length of time.
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