Sunday, February 08, 2015 3:39:07 AM
VFIN dumped 100 million shares Friday in the last 15 minutes of trading and the share price barely moved at that point. That was 1/3 of the whole day's trading volume in 15 minutes, those shares were sucked up with little change in the pps.
It's just as likely it could have been retail waiting to load at that pps, but that is almost 10% of the 1bil+ shares hitting the market and in only 15 minutes. Now we get to guess who it was. I haven't looked up to see if a company must anounce a buyback, but this is the OTC and that probably wouldn't matter much anyway....
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