News Focus
News Focus

MrG

Followers 562
Posts 17666
Boards Moderated 6
Alias Born 07/12/2009

MrG

Re: None

Monday, 08/03/2009 6:04:42 PM

Monday, August 03, 2009 6:04:42 PM

Post# of 342
I have all the trades at 16000 also on my level 2. Comes to approx. $63,000.
Could that have been the complete short covering by MM's in a fashion that they manipulate somehow?
Could it have been a behind the scene buying/selling deal? Lots of strange stuff takes place in the pinks when you dont have to report.
Perhaps someone bought the entire float.
Couldnt have been a "regular buyer" though.
A bid that large would just set there as bid support if you or I placed it.
My two best guesses are: It is was just naked shorted big time. The other: MM exchanged shares at that level expecting higher prices. Two radically different scenarios will play out over the next few days me thinks. Im here.
Just thoughts.
Never seen that though.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y