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Re: thegoatherder post# 35202

Tuesday, 06/23/2009 11:49:48 AM

Tuesday, June 23, 2009 11:49:48 AM

Post# of 86722
Could be but hopefully there aren't too many more very large trades like the 275k at the bid. Even buyers who want tons of shares are likely to drop their bids with enough volume at the bid.
3 separate MMs at 14 cents provides some hope however.
All in all, the large trade at the bid (clearly a negative) is neutralized by increases in the bid and no additional trades at that higher level, IMHO. It means either the seller is done, or they are stepping back to see if they can get a significantly higher price.
I do think I recall the reverse situation earlier, where large trading volumes at the ask resulted in the bid and ask both falling, again, opposite of what would be expected.

'Tis better to be silent and be thought a fool, than to speak and remove all doubt. - Abraham Lincoln

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y