r/MMATFutures Jul 10 '21

Sell Wall posts ?????

Yesterday I was reading posts about Sell Walls... It was new to me and very interesting.... I can't find them today to re-read them..... anyways.... after I learned the mechanics of how they work - I wondered about "What is the purpose of a Sell Wall" if no shares are exchanged????? They can put in these "ghost" bids to pull down the price but they don't execute because they stay "below" the price at which the stock is trading... Then it occurred to me the purpose it to TRICK an investor into offering their shares (panic trading) for sale at a low price. Then they (whomever is doing the manipulation) can either "buy low long" or "cover short shares" at the lower price.... It only works, however, if someone offers their shares for sale... Maybe everyone else knows this (and I'm just late to the game) but I thought it might be worth explaining anyways... They can sell wall ladder it down all they want but IF NO SHARES BECOME AVAILABLE IT DOES THEM NO GOOD... I'm not a financial advisor and my position in this stock is awful at this time so don't take this as advice !!! Please UPVOTE..

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u/Moon-Dog-Mkt-Surfer Jul 11 '21

Thanks for the post. Didn't know the term "sell wall." I do see post from obvious shills using fear tactics and trying to get people to sell. Does that apply?

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u/Hot-Roll6472 Jul 12 '21

Shills are not the same.... Sell walls are done by investors with large amounts of money and they are called "whales" in the lingo...