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

Re: None

Thursday, 07/29/2004 12:37:58 PM

Thursday, July 29, 2004 12:37:58 PM

Post# of 358439
some nice blocks being bought(or so it appears):

@ 09:32:51 - 100 million
@ 09:38:18 - 50 million
@ 09:48:21 ~ 40 million
@ 09:53:15 - 200 million
@ 09:59:45 - 50 million
@ 10:04:39 - 30 million
@ 10:35:18 - 200 million
@ 10:35:21 - 100 million
@ 11:09:06 - 80 million
@ 11:20:24 - 50 million
@ 11:20:48 - 150 million
@ 11:40:09 - 40 million
@ 11:52:18 - 50 million
@ 12:06:45 - 75 million
@ 12:07:06 - 200 million

These are all trades occuring at the same time with every trade but one being in 9,000,000 form(the 1 that isn't is usually a share amount that rounds off the block)

This could be a couple things:

1) BS trades between MMs
2) Large scale short covering
3) Wholesale buying

Come on - 3 different orders for 200 million shares each, this is definitely NOT retail...

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.