$PROG OTC/Darkpool activity indicates that algos and institutions are the main responsible parties for this price action today.
We continue to see tons of selling pressure routing to the exchanges whilst.
Reminder to use directed market orders to send your busy to the exchange.
We continue to see tons of selling pressure routing to the exchanges whilst.
Reminder to use directed market orders to send your busy to the exchange.
This is a speculative explanation, but I have noticed that because of the plethora of available shares in dark pools, it seems likely that MMs will buy large sums of shares in DPs to grab an inventory of shares on the cheap.
This allows MMs to fulfill buy orders from their inventory instead of buying on the exchange, preventing the NBBO from being affected. Meanwhile, they can route any sells directly to the exchanges on a selective basis to create the illusion of massive selling volume.
Don't be scared by these tactics. This is psychological warfare waged on human retail investors by machines and algos.
And they are exceedingly efficient in inciting panic.
And they are exceedingly efficient in inciting panic.
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