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Friday, June 11, 2010 10:18:14 AM
Some possibilities:
1) STXG has a client who owns those 24,000 shares you saw and the client is offering those or some of those shares for sale.
2) STXG has a client who purchased stock through another firm, has since transferred those shares to STXG and now is offering some for sale.
3) STXG has a client who thinks Tronox equity is toast and has decided to initiate or add to a short position.
I do not see where STXG is a market maker so my guess is that they are executing a client's trade order. What that client's ultimate strategy might be is anyone's guess. Right now it appears that the client wants to sell some Tronox stock.
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