gumshoe , I think it was alexyba who noted that ....
.... and I have no idea. Your thought is certainly valid as the specialist could be matching up larger 'block' bids with smaller amounts put up for sale by whoever is selling.
One thing for sure ... around 850,000 shares have traded so far in the last 3 days. Two sides to every trade so there have been buyers , and there have been sellers. We'll know sooner or later who guessed right.
What do you think shorts are doing or might do?
My guess is that some shorts might have covered when TIV started moving up on heavy volume , sensing continuation. I wouldn't think they would have been shorting over the last 3 days as they know the Russell-buyin should pop the stock up even higher.
Some shorts are probably counting on (1) the opportunity to short or short more at that higher point at the end of June and (2) TIV's PPS performing as it has after previous Russell-induced run-ups.
The wild-card in that scenario would be .... what does TIV really have up its collective sleeves relative to real production , and when will they report it in a verifiable way.
In time , all things will be known! lol Meanwhile volatility and/or the beginnings of 'random walks upwards' are so much more fun than flatlining!
JMO
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
