Weird Theoretical Question for Davis, Shero, Terry, et al...
Whenever I see a stock sit still like we did today, a strange thought enters my mind. It's purely hypothetical (I suppose), but I am curious what you may think of the possibility…
What if a “battle” arose against 2 deep pocket, hard-headed Big Shots. Mr. “S” is bound & determined to NOT let the stock rise above 1.00, and Mr. “L” gets vibes of what “S” is up to and becomes equally bound & determined to see that the stock DOES NOT DROP below 1.00.
So these two place their GTC Limit Orders as follows:
“S” places order to SELL 5,000,000 Shares at a limit of 1.03
“L” places order to BUY 5,000,000 Shares at a limit of .97
This scenario intrigues me. What would happen that day?
My guess is Very LOW Volume, with the price hovering very close to 1.00 all day, but I want to know what you folks think. Is this truly a “hypothetical” situation only, or could something like this ever happen (TCLN or otherwise)?
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