Wednesday, November 30, 2005 11:42:48 PM
There are many on the message forums that consider this a direction for institutional buying and they are correct,but not for pennies..
Thomson registers blocks of 10K as institutional and is mostly for higher exchange issue and when one enters a penny symbol it would register the same,but with one small correction..See,when one puts in a penny symbol it does see a large trade like 10K or better,but it will register as an institution,but it really is an mm trade not a institutional buy..The problem with this is the volume and one should not assume that automatically that a institution is behind the buy..In most cases it's just the volume of the increments that Thomson is program with..
Have a good day
Varok
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