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Re: everett7 post# 3352

Wednesday, 06/02/2010 6:30:34 PM

Wednesday, June 02, 2010 6:30:34 PM

Post# of 7206
Trading - I'm not worried.
The volume of trading for the past month has been pretty low. Market has been really choppy. Guys who bot cheap could be taking some off the table. Guys who bot recently expecting a run could be cutting losses. It's all just noise in my opinion. You guys just don't get it. ARCA for example is an ECN. They don't carry an inventory of stock to trade, they just facilitate orders to get the best price for the customer. So they aren't naked shorting or manipulating the stock. Miller Tabak represents institutional and high net worth clients. They probably have someone who's doubled his money and is now selling. Automated Trading Desk (AUTO) is essentially what their name says, automated trading for clients. They use fancy computer systems to help clients make trades and get the best prices. Again, like ARCA, these guys don't hold securities so they're not manipulating the stock to accumulate shares. Today I glanced at Level 2 for a moment and saw NITE on the ask. Guess what, that was probably a retail investor like all of us who's freaking out about the price and decided to sell.

The selling really doesn't matter. Like I said, the volume has been low. We know Tronox is worth a good deal more than the stock's trading for right now. The next scheduled court date is June 24, the POR is expected before July 12. Patience. Buy more perhaps.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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