bug
$Faraday Future Intelligent Electric Inc. (FFIE.US)$ please report the system problem .can't bid above 1.13 so the price stuck
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Iakul : It’s not a bug there’s lots of ppl buying, and lots of ppl selling at 1.12, so it’ll take a while to queue until it’s your turn
Werry : how to report?
wz79 OP Iakul : why can I only queue at 1.12 ? Normally we can bid higher and matched directly
Iakul wz79 OP : You can queue higher, but it’s still a limit order during overnight trading, which means it’ll match you to the best price, and currently there’s a queue of 2.5 million waiting for that best price.
Mona_cat wz79 OP : overnight trading rules. imagine now New york is 9pm Sunday. if you can buy higher when market is sleeping, imagine the chaos and manipulation.
wz79 OP Mona_cat : why I can buy higher at other stock during overnight season ? like Nvidia
Iakul : Again, look at the volume. Nvidia doesn’t have 2.5 million in the queue in front of you
Mona_cat wz79 OP : you can only trade with orders made for night trading (select option when buy/sell). basically no one is selling FFIE right now (night). all those orders made last week have no option to include night i think.
wz79 OP Iakul : oh so do you mean a fund can easily lock the price with a lot of volume queue at a low price ?
Iakul wz79 OP : It’s actually high volume on both sides. If it was just high volume on buy, the price would have gone up, high volume on low price goes down. There’s very high volume trading at 1.12 on both sides right now, and we can’t tell who is winning yet
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