RE: Drop the price - Fill or Kill again8 Jul 2020 00:42
I just set trade plans and set the price I want. Come in quite often for me, I see them as orders which mean your broker has to try and fill them. I set one here for the other morning at 9.1p when it opened up after the RNS. Was above that for the first 15 mins or so, it then filled and the SP went back above that. Not been down much here yet, Long may it continue. I bought a few more today when it dipped a bit so my average is up nearer 10p now.
I've seen it when a share price is at 3p and then someone puts in a large order at 2.5p. If it's bigger than the rest of the market, it will be lowered to fill that order. Its a way big money can move smaller companies. Same the other way, undervalued shares can have an order to go up to twice the current SP to buy. They will mop up everything up to that level. Worth watching large trades in small companies to try and get a picture of the orders.