SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Naxos Resources (NAXOF)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Larry Macklin who wrote (9639)3/11/1998 8:06:00 PM
From: Richard Mazzarella   of 20681
 
Larry, all the talk about buys not going through means nothing. Walk it through: Someone dumps all their stock "at the market". The MM partial fills the posted bid block size. Then he drops the bid to $1.5 to fill the rest. He then raises the bid to $3 5/8 to work potential sells at the ask. No more buys or sells occur. IT COULD HAVE GONE LIKE THAT if it isn't a posting error. I still suspect a posting error because someone dumping a large number of shares at the end of the day suggests panic for some reason. I'll let others speculate on reasons for panic.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News