InvestorsHub Logo
Followers 1652
Posts 18274
Boards Moderated 1
Alias Born 11/10/2004

Re: lowtrade post# 257

Thursday, 03/31/2005 3:19:11 AM

Thursday, March 31, 2005 3:19:11 AM

Post# of 44374
Chart PS:

If you look at the tan area at the bottom, I speak of EOD swap fest. During this period over 1/2 of the daily volume took place the last hour of trading, in large 500k to 1 million block trades. So what was a 2 million shares traded looked like 4 million traded, to daytrader who only looked for volume and spread to jump in. Some of these trades wer MMs setteling their books from earlyer buys at bid to stop a surge, they sold the shares back to the MM they bought them from, before the day ended.

IMO this was an out right MM play to draw interest back to Gtel after MONTHS of a slow steady walk down, that took MMs so long, that average daily volumes were under 2 million share a day.At this time good news PRs only generated 1 cent runs which in themselves would not create daytrader interest. Thus EOD MMs would swap 1 million share block at .001 or .002 spread difference. ( if you saw a 1 mil buy trade at .072 a little while later you would see a trade for 1 mill at .071)

Other tricks, to stop ramps were trades stopping for 10 minutes to 1/2 hour on a surge in buying pressure, with large block sells at the bid after. It was amazing how out right obvious the MMs worked. You would see 7 or 8 green trades 10,20, 30k in a row, then a 500 share trade at the bid, followed by another 500 share trade and bang trading stopped!

Sorry if this bothers other posters! I'll try to stay off this subject in the future.

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.