Sell orders for 1-2 shares for microcap company

Hi,

Can you guys explain why there are these tiny sell orders for a small cap company!?
Bought some last week and there was a partial execution of 1 stock too. Seems to be recurrent, who/why is doing this?? Isnt there a $500 min trade?

Any ideas??

goponcho said:

Hi,

Can you guys explain why there are these tiny sell orders for a small cap company!?
Bought some last week and there was a partial execution of 1 stock too. Seems to be recurrent, who/why is doing this?? Isnt there a $500 min trade?

Any ideas??

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It's a ploy of the experienced traders. Usually executed by bots and algorithms.

Yes, orders are minimum $500, however an order is different to a trade, and the bots use conditional order coding and can spread out the triggerering of the order of $500 in many ways, using parameters such as time, volume, rate, price etc
Seen and unseen.

Triggering a buy or sell event for 1 share can push a trader to manually buy or sell, to avoid closing the day with brokerage costs for 1 share.

One of the oldest tricks in the books by unscrupulous characters, and we all get had, from time to time, if not careful.

Cheers and good luck.

Thanks F.Rock. Great insight which i wasn't aware of - does make sense though.
Very cheeky.

Much appreciated.