The market data for PIPPIN is really hard to understand. There’s such a thick wall of sell orders above; is the market maker planning to go hard or just putting on a show? The open orders depth is right there. If they really want to pump, can these chips hold up? Or is it the familiar routine again—first using large orders to suppress the rise, waiting for retail investors to cut losses before secretly withdrawing orders to pump? This operation is truly classic.
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The market data for PIPPIN is really hard to understand. There’s such a thick wall of sell orders above; is the market maker planning to go hard or just putting on a show? The open orders depth is right there. If they really want to pump, can these chips hold up? Or is it the familiar routine again—first using large orders to suppress the rise, waiting for retail investors to cut losses before secretly withdrawing orders to pump? This operation is truly classic.