InvestorsHub Logo
Followers 1
Posts 201
Boards Moderated 0
Alias Born 07/10/2007

Re: Torvecian post# 16700

Thursday, 07/23/2009 1:19:43 PM

Thursday, July 23, 2009 1:19:43 PM

Post# of 35337
Can Torvecian or anyone explain to me

why someone would buy a large block of this stock above the ask? I do not get it. Anyone who has followed this stock knows the MMs keep their thumb on the bid/ask, so you could buy in increments all day and not fear in the slightest that you would drive your price way up. Only explanation I see is urgency; but then if something is about to happen you got insider trading charges against you. Unless you think you could beat that. Still I do not expect a big break-out just because of this buy. This has in fact happened before with no such. So...what's the deal?

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.