Hi 10452Km2
My platform has those trades as sales and their were 2 of those trades of identicle size on the NYSE 369,820x2=739,640 those trades occurred at 16:01:33 and 16:02:32(Less than 1 minute apart) these were instititutional trades. As I have posted before (I hope folks are paying attention) "shorts" are really not the concern here. This company stock is under HEAVY manipulation by institutional trading outfits "obviously" trying manipulate the price of ""and by proxy" control a coal company that has reserves of more than 5 times of companies that trade at a much higher prices. (NOW) I ain't blogin for any body here!!! If you look at this very closely. You may have read yesterday about a very high profile individual that manipulated the bonds on a distressed company.. The SEC is gona "BURN HIM DOWN". The thing is this, greed seems to "ALWAYS" overrule common sense when it comes to things like whats going on with Patriot Coal. Believe me when I tell you it's on the "RADAR" BIG TIME. I have positions in PCX and I'm not involved in what's going on but, I do have insight and input in this. With that said. You may remember a while back when there was a HALT put on trading this stock, might of been back in May or so. They will halt trading based on percentages. "Do you Remember?" Thats when this "Popped up so to speak". These trades today occoured "After trading hours ,,,JUST...But it dosen't matter "according to law" when they happen just that they, did as far as prices are concerned... and the affects of it...If you look at the rules for stocks trading "Under 3.00" they are broader.. So... I watch this kind thing as are others "If you get my drift"..
{{The preceeding statements only represent the obivious}}
Comment are welcome
Thanks
MW
