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Wednesday, July 31, 2013 3:21:31 AM
Open market block trade
Wow, that is a great fine. Just my opinion, but looks like it could have been an open market block or cross trade. Sometimes when a buyer is looking to pick up a sizable position, and they dont want to chase and pay up for the shares, they can find person who has a sizable block and do an open market cross.
This allows them to get a sizable position in open market of free trading shares, without having to pay up for it.
What does this mean? Someone knows this thing is about to take off and is taking out any sizable positions out down here. That means any seller down here is being taken out, and new buyer is expecting this to go higher very soon. this is extremely bullish....wow!
The 50 day is about to cross over the 200 day. I usually find when this happens a stock can have a sharp sudden spike. Im not flipping this at all till at least Sept...no way!
We're primed
Wow, that is a great fine. Just my opinion, but looks like it could have been an open market block or cross trade. Sometimes when a buyer is looking to pick up a sizable position, and they dont want to chase and pay up for the shares, they can find person who has a sizable block and do an open market cross.
This allows them to get a sizable position in open market of free trading shares, without having to pay up for it.
What does this mean? Someone knows this thing is about to take off and is taking out any sizable positions out down here. That means any seller down here is being taken out, and new buyer is expecting this to go higher very soon. this is extremely bullish....wow!
The 50 day is about to cross over the 200 day. I usually find when this happens a stock can have a sharp sudden spike. Im not flipping this at all till at least Sept...no way!
We're primed
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