Apr. 17 at 8:40 PM
$UAMY Greetings everyone! While we didn’t finish the day where I thought we would, it was a Green Day nonetheless! Hopefully, when we resume trading on Monday, we’ll be able to resume where we left off today.
On another note, I hope that someone here will be able to provide an explanation on the following.
I was watching the trading activity on another stock that I own, SLS, (not on Level 2) and witnessed the following for approximately the last 45 minutes:
The Bid/Ask did not have more than
$0.01 spread - not unusual
The order size initially fluctuated for several minutes - it was either 200 or 145. Since the daily volume was increasing, trades were occurring.
Then the order sizes changed to 200 or 136, nothing in between.
Then it changed to 200 or 102.
Then 200 or 100 or 102 or 136
Wasn’t until the last few minutes I saw a few large orders for 5000.
My thoughts were something to do with figuring algos to move the bid ask.
Explanations welcomed. Thank you! 🙏
