Apr. 16 at 5:42 PM
$SCDCF FYI, if any of the few here are weighing when to buy more, I can attest that those large volume Asks that have been showing are as fake as a
$3 bill. I bought 2 different 10k blocks today, which were each priced between Bid and Ask for hours and then I moved each one at different times up to the Asks with 100K volumes. Both times those asks immediately disappeared and it still took some time for each to get filled.
Though I am an admitted novice to exactly how MMs work, I interpret today’s experience to mean there is not nearly as much selling pressure at this level as the MMs want us to think there is. In turn, I think we start up again before too long.
Just my hunch.