consealit
commented on a stock · Jul 1, 2020 15:06
$Kitov Pharma Ltd (KTOV.US)$ They did that to stop the compl...
$Kitov Pharma Ltd (KTOV.US)$ They did that to stop the compliance and make us do it all over again. It has been 10 consecutive days now, and they will let it run.
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pennypincher : so what does that mean? I know about being in compliance but why did they set a wall at .999 and how does that work in there benefit? earnings call comes within that 10 days, does that play into it?
JP88 : Now there's a 200k wall at .91. Let's see how long that lasts lol.
James W : how are you able to spot the walls? what info are you seeing that shows that one to you?
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JP88 James W : Just look at the order book.
consealit OP JP88 : I see
James W : so is it looking at a high volume of asks at a specific price point? lately that's what I've been looking at try and understand projections
JP88 James W : No, it's one giant order from one account.
JP88 James W : Someone had a sell order on the book for 200k shares at 0.91. It's called a wall because it takes a lot of buying at that price to knock it out of the way. Stuff can't run if someone is blocking it with a giant order.
James W : Thank you, John. been only at this for q couple months....i get concepts pretty well, but its the specifics that are stumping me now
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