Patriot Coal Corporation (fka PCXCQ)

[mwilmington]

A Good call to wait. The stock is held 62.5% by Investment managers. It looks like from the names on the Level-2 platform that this stock price is being controled by 4 or 5 of the major holders. There is very little the individual investors out here can do. Even if every individual stockholder out here decided to increase their positions these players could negate it fairly easily. Non instututional holders only account for 32.5% of the stock. This brings us to the last few days and a comparison of the volume of stocks traded by individual and brokerage firms compaired th the institutional holders. These firms trades are easily spotted if you don't have a platform that tells you who's buying. One can look at the candle sticks compared to firms and see after non institutional transactions buy or sell block trades buy or sells are quickly placed to arrive a price level. Which has been maintained for hours each day. Case inpoint 22 June from 11:25am to 3:45pm Flat!@ nearly 2X average volume. 25 june 12:25 to 4:00 Flat near average volume. 26 June 11:35 to 3:25 Flat volume 1.5X average. An inportant factor in this the VOLUME with th flat price. This pattern at these volumes is unique to say the least. So I'm interested if anyone can direct me to a time since PCX IPO in 2007 that we've seen this. I'm also interested in what your take is on this.

Thanks M W