Sphere 3D Corp. (ANY): Don't see how anyone can derive anything...

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commoncentsinvestor

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commoncentsinvestor

Re: edge post# 9582

Thursday, 08/07/2014 1:21:46 AM

Thursday, August 07, 2014 1:21:46 AM

Don't see how anyone can derive anything technically from what happened at the end of the trading day. It all took place in the last 11 seconds. Share price went from $6.74 to $6.34. Total of 5500 shares in lots of 100 to 500 shares.

Most likely reason is that someone had to meet a margin call by the end of the day and sold for whatever they could get. That late in the day many traders take their bids off the table so free falls can happen.

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1D
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