I notice that in Friday's trading on EXK at 1604 someone bought near $1 million at $2.98. I'm trying to decide how to feel about that trade. While that seems very bullish, the market has been bearish in the sector, so my drawback thought is, "What happens if that guy's stop loss gets triggered?"
Of course, if one thousand guys had made $1,000.00 purchases, the same scenario could occur. Though I think it is less likely that one would ride out bearish sentiment with $1,000,000.00 without a stop loss, while for $1,000.00 many wouldn't bother to set a stop loss.
What are your thoughts on this?
