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Re: ROOKIE602 post# 49495

Monday, 05/21/2012 6:13:07 PM

Monday, May 21, 2012 6:13:07 PM

Post# of 232508
With regard to the T-trades the last three days, they take shares out during the day. They just report what they took after trading hours are over.

I agree with virtually everything that duelittle2 posts here but disagree very much with him on what's causing the share price to be held back. I don't think its shares from lower prices being sold "up here" as much as the MM's are holding us in range while someone collects shares at whatever price they agreed to with their client. Hence the sneaky T-trades. We aren't the only ones who know KMAG has good earnings that are coming up. Once the big buyer has their shares, we will be allowed to move up.

If you watch the morning sales recently for the first 15 mins or so, you'll see the share price jump up well above the previous close. IMO that's the MM's selling some inventory they picked up during the prior day, making themselves some profits and then earning more shorting shares down below the previous close and then re-accumulating for themselves and looking to control the day. Once they have control, they silently buy shares for their client and we see the results in a T-trade at the end of the day.


One guys opinion.