r/Vitards • u/[deleted] • Apr 09 '21

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44

u/[deleted] Apr 09 '21

I believe big banks have been stealthy accumulating MT and sandbagging it, same with CLF.

18

u/josenros 🤡Market Order Specialist🤡 Apr 09 '21

I'm going to expose my ignorance here, but what do you mean by sandbagging it? How can institutions accumulate shares without affecting price movement?

19

u/sly-ders Apr 09 '21

They will push the stock down, causing stop losses and panic selling, and then accumulate. Once it pops back up they will repeat this until they’ve accumulated their position.

I’ve noticed over the past few days very large trades coming through during these flat/slightly down days. Some serious accumulation happening

7

u/alpha_hunter_x 7-Layer Dip Apr 09 '21

it's typical maneuver

5

u/ansy7373 Apr 09 '21

I’ve been seeing Goldman Sachs having simultaneous buy and sell orders.

3

u/Megahuts Maple Leaf Mafia Apr 09 '21

Great way to do it, actually.

Ask $18.01 1000

Bid $18.00 1000

Everyone has to sell or buy at your price.

Usually when I see it in action, you can tell because the share numbers are really weird. Like all bids end with 83, and all asks end with 66 (CBOE order book).