People buy 5000 shares retail and put a STOP LOSS of 5000. That would take it down atleast 12 to 15 cents. Stop losses are good but not on a bigger scale especially when it is recovering.Stocks like INTC,MSFT,AMAT etc where volume is very heavy intraday, 5k ,10k stop loss should be ok, but not in stocks like OVTI. Not worth it.That's a pain to watch, but that's what happens here.
MM's can see the stop losses on their Level III type of books. Something to think about.
Good point. OVTI is not a stock stock to have a hard stop on. MM's are very aggressive at taking them out.