InvestorsHub Logo
Followers 26
Posts 3083
Boards Moderated 2
Alias Born 04/07/2004

Re: ergo sum post# 64896

Wednesday, 07/28/2004 7:48:34 PM

Wednesday, July 28, 2004 7:48:34 PM

Post# of 358439
first JEFF has sold more than 40 billion...

he's been on the ask since June 4th, and he's been on the inside all by himself for I'd say the majority of the days between then and now. We've probably had daily volume of 5 billion, with quite a few days up around 10 billion. On an average day the # of buys/total trades is probably around %70 and the majority of that volume is from JEFF sitting alone on the ask.
I mean the day after the Roger Glenn announcement we did 20 billion shares...

JEFF is selling ALOT of stock....and an order like this is not a mouse click away, this is a market maker 'working' a trade. He is the conduit between the seller and the market and he does what he's told(unless of course its his own 'inventory' he's selling). When someone comes to a MM with an order like he's filling its ALWAYS a quiet order, as in he doesn't want to make it obvious that a large amount of stock is for sale. Why would someone selling alot of stock, alot more that 40 billion shares, make it so obvious?

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.