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Re: lakingsphan0427 post# 5914

Wednesday, 05/16/2007 5:13:36 PM

Wednesday, May 16, 2007 5:13:36 PM

Post# of 9101
It probably was an instituional buy/sell, but thats not neccesarily a bad thing, cuz someone had to buy it! Insitutions can trade amongst themselves at pre-negotiated prices, there is something called a Level III which is what large institutions and Market Makers can use for orders like this. I suspect that putting a large block on the bid or offer during market hours could induce panic one way or the other. This way the buyer and seller can arrive at a price and execute the order without affecting the pps during market hours.

Just speculation on my part but I think that why you see what you see.


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