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Message: an opinion from Penny Traders

interesting....I was reading comments on another board stockh...re tmm

many small orders on tmm today, comment was it might be an iceberg order

might be something to watch, comment was that many analyst will be visiting site next week and Peter is on BNN tomorrow

copied from other board

Iceberg Order

What Does Iceberg Order Mean?
A large single order that has been divided into smaller lots, usually by the use of an automated program, for the purpose of hiding the actual order quantity.
Investopedia explains Iceberg Order
When large participants, such as institutional investors, need to buy and sell large amounts of securities for their portfolios, they can divide their large orders into smaller parts so that the public sees only a small portion of the order at a time--just as the 'tip of the iceberg' is the only visible portion of a huge mass of ice. By hiding its large size, the iceberg order reduces the price movements caused by substantial changes in a stock's supply and demand.

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