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Re: snow post# 115374

Thursday, 07/20/2017 4:27:20 PM

Thursday, July 20, 2017 4:27:20 PM

Post# of 163716
Prearranged trade. Deal between 2 market makers was probably made before the open. For $2.60.

Had we been in the middle of a dumping episode then you would see a discount. Something like $2.30. Because the market makers will then short the stock. Anything sold for a price higher than $2.30 would be a profit for them. Because they cover for $2.30 afterwards. Also prearranged.

But this deal was between 2 market makers before the open. More inventory being swapped. Perhaps BMIC bought it before the open to cover some.

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