InvestorsHub Logo
Followers 35
Posts 428
Boards Moderated 0
Alias Born 05/17/2007

Re: Believer Fever post# 38964

Monday, 12/31/2007 5:01:09 PM

Monday, December 31, 2007 5:01:09 PM

Post# of 72323
Here is an explanation offered by a friend that I also believe is what is truly happening:

The way this likely works is there is a big seller who has told his broker to sell hundreds of thousands shares every day. The broker is doing this during the day, and then reporting the total results at the average price after hours. Therefore, the sales are happening during the day, it is just the reporting that is happening after hours - so the price of the "AH sales" can be higher or lower than
the EOD price. We still do not know who is dumping.

Disclaimer: My comments are purely my opinion, may change at any time based on market & other conditions. Do your own due diligence before purchasing or selling any stock. Do not buy or sell a stock based on my opinion.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.