InvestorsHub Logo
Followers 43
Posts 6531
Boards Moderated 0
Alias Born 08/12/2010

Re: None

Wednesday, 08/17/2011 4:26:32 PM

Wednesday, August 17, 2011 4:26:32 PM

Post# of 74539
The past two days at 3:59:59 we saw a spike in the price of GLER. I thought the first day it was a bit odd. However, the second day it seemed even more odd. I will say I have seen this in other stocks. I heard an explanation one time on CNBC. They suggested this could be a trade made within a brokerage earlier in the day that has not been sent through the DTCC. At the last moment of the day, the brokerage house reports the trade. I never quite grasped why the brokerage house would do that but all the CNBC financial wizards seemed to accept the answer.

If anyone has an alternative explanation, please post it.

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.