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Re: verjamb post# 15914

Wednesday, 12/18/2013 10:20:53 AM

Wednesday, December 18, 2013 10:20:53 AM

Post# of 21092
You guys are looking too much into it. Having consulted to hedge funds and mutual funds for 7 years you learn the high frequency trading machines make up most of the volume in low volume stocks. That's why you see large swings when there is an order of significance because its actually a buyer putting in a limit order.

And I doubt anyone is tax selling. A sophisticated investor would know they would have to wait 30 days to buy back in or the loss won't be recognized (tax "wash sale" rules).

The MMs and HFTs will keep this above $3 so they can keep writing worthless options. I expect the move to happen when Tullow announces that West Leo is en route to the drill site. Then the fun really begins.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y