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Nice post. Someone who understands how trading

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vikings85   Friday, 08/03/12 03:16:08 PM
Re: BuddyGuise post# 68727
Post # of 101794 
Nice post. Someone who understands how trading groups work. With those kind of shares they can start or kill a run. Typically, they would sell back and forth to each other at the ask to get the price moving in the right direction. They can put up block after block of 100k buys at the ask raising the ask each time. This could cause some serious buying action. When they are happy with the price they will start to unload. There needs to be a lot of buying obviously to move those kind of shares, but if its a good run that should be no problem. Keep in mind also, these groups don't need a grand slam, 20 to 30 percent on that investment is a lot of $$$. They can hold a couple million for the potential of a monster run if they choose. They move from one stock to the next so I don't see them hanging around very long. We'll know in the next 2 weeks I think. Anyway, I liked your thought process. Imho.

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