1812 Brewing Company Inc (KEGS): Actually you just saw the reason a M&M k...

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Re: wise1man post# 10380

Thursday, 07/19/2007 4:44:49 PM

Thursday, July 19, 2007 4:44:49 PM

Actually you just saw the reason a M&M kept pulling it down toward .006 all day.

The after hours trade was not one trade. It was a series of smaller trades under dealer protection for a private client.

These form t orders are reported in one lump when completed. Odds are the order was larger then 3.6 mill @.0061, because it was reported after hours. So logic says because it was an odd number and not completely closed during the day. What part of the orded which did close, came after hours, so the M&M could close out their daily book.

You don't see these .0061 trades during the day, because the form t has to be reported before it starts, and when completed only. Basically there were several or many .0061 trades closed. You just didn't see them until after hours, in one lump.

For your ref;

http://ih.advfn.com/p.php?pid=help&hid=1835

'T' If reporting a single protected transaction. A protected transaction occurs when a large order is going through the market. The buyer (or seller) may wish to keep the order anonymous from the rest of the market as the size of the order could greatly alter the price of the stock. With a protected transaction, the dealer will put the trade through in small quantities rather than knock the whole order out in one hit. The entire transaction is reported once the deal is completed. The LSE is notified at the start and at the end of the transaction. However, the market as a whole isn't told until the end, thus the order is protected.

http://ih.advfn.com/p.php?pid=trades&symbol=NB^GSCR&cb=1184873469

The minute I saw the OTC:BB after hours trade I knew to look for the form t in the daily trade report. There it was.

If you don't see the form t, many times, any large blocks, after hours closes, are M&Ms settling share swaps during the day. This is the dead give away M&Ms are working the system., usually to improve daily volume, by injecting some emotion.

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