Big time bear raid by hedge fund algos today

1 post / 0 new
#1 Thu, Jun 11, 2020 - 4:33pm
Edward Blake
Offline
Joined: Jun 11, 2020
2
0

Big time bear raid by hedge fund algos today

Coeur Silver got creamed. It's interesting to watch the way this closes. You've got an algorythmic trading box spoofing orders. Right up until the bell you had a huge bid of 2000 lots at $4.94 and a huge ask of 1000 lots bid at $4.95. Right at the bell these orders disappeared and we are left with a small bid at 4.90 and an ask of 5.08. These trading algorythms are destroying normal price discovery. Via naked shorting they gunned the stop losses and collapsed the shareprice by 15% in one day on no news. Sure silver was down today, but the shareprice doesn't respond this way to the upside when silver goes up 0.50.

Nearly identical action in Pan American Silver too.

Support TFMR

Donate Buy Silver

Recent Comments

by Ben Stackin, Sep 27, 2023 - 11:59pm
by vibe79 It'stheBankers, Sep 27, 2023 - 11:54pm
by EL-canary...ex-ancient Egyptian, Sep 27, 2023 - 11:21pm
by mackvorkian, Sep 27, 2023 - 11:03pm

Forum Discussion

by argentus maximus, Sep 13, 2023 - 12:08pm
by Wade Case, Sep 11, 2023 - 5:55am
by argentus maximus, Sep 7, 2023 - 12:40pm
by argentus maximus, Sep 7, 2023 - 12:36pm