I’ve done something similar before but the intention was the...

I’ve done something similar before but the intention was the other way around. I’d place millions of buy order at low price when I was actually going to sell or I simply don’t want the SP to drop. This was to make some people to think that there’re a lot of buyers in the register & encourage them to buy.

But you must have adequate fund to do it in the first place. The person who placed 10m at 1c probably didn’t have fund to make it a bit more realistic but not realistic enough to be mopped, say buy order at 1.8c.

On the other hand, if the SP is sitting at 2.2c & I want top top up but at 2.1c or less, I’d place a sell order at 2.4c or 2.5c to hopefully scare others into selling. But you must have the amount of shares required.

It’s just psychological game. I’ll place a 10m sell order at 2.5c for a few hours & see for yourself how you feel. Don’t think it works though.. but the fact that you’re asking the question in the first place shows it works?