Nov. 10 at 7:13 PM
$MXL Looks like my sale helped spark that
$15.23 to
$15.32 move. I sold 13,961 shares of MXL at
$15.23, which cleared nearly all visible ask-side liquidity between 15.22–15.23 across three price levels. That block represented roughly 5% of total intraday volume (280K), so when it filled, the order book briefly thinned out. Market-making algorithms detected the cleared supply and immediately re-quoted higher (15.26, 15.29, 15.32) to re-establish spread symmetry. A few micro-momentum and liquidity-seeking bots then chased the vacuum, pushing a short-lived markup. It was essentially a liquidity-vacuum bounce — caused by my own exit.
Next time, I’ll slice the order into smaller tranches to minimize footprint and avoid triggering a reaction. But I hope you were able to profit. Have a nice day.
.
