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Thursday, November 06, 2014 2:46:10 PM
Another odd-ball day pattern of trading today so far, IMO. Ran it up on an enormous spread and now appear to be selling right back into that strength.
Just like clock work IMO. Someone's playing this for the big boy(s) I think. Looking at the level II trades and the spread and time gaps between trades is fascinating to watch. They got it all the way up to .0189, then is sat for 1 hour, almost to the minute w/o a single trade posting. Then it posted a single trade, then sat again for almost 2 hours w/o a single trade, then a burst of a bunch of trades of 5K or 10K blocks or so.
Now, about 45 minutes ago they just tanked it back to .0166 on a single 100K block trade.
I don't think that's all "retail" trading IMO. What exactly is it? I have no idea? But sure doesn't look like normal, back and forth, "retail" trading and matching of just regular folk's buy and sell orders IMO.
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