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Re: FlipFlapMcgee post# 3395

Friday, 05/22/2020 1:03:27 PM

Friday, May 22, 2020 1:03:27 PM

Post# of 8012
If that was at 09:38 it may have been a data glitch

520k shares traded in a block and the .079 bid dropped

Can you check where CDEL was on the offer in your screen shot?

It seems that Citadel has been hosing every rally and has a near endless supply to sell

A friend who was a market maker for years commented on a situation like this during a previous market downturn, that MMs are sometimes stuck trying to unload huge blocks from clients forced into liquidation of some accounts due to being over leveraged and getting hit with a margin call

I think that could be an explanation for a big part of the supply of shares on the offer

spec

- Foglifter -

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y