Replies to post #25663 on Singlepoint Inc (SING)

[Moonboy1]

Someone said its an earlier trade that hadn't cleared yet and it just happened to clear at the bell. But really I don't know what the reason was. Just like why did we fall to like 1.5 cents a few weeks ago and then immediately start to rise? Maybe that's the day we laid out the cash for $WEED. Who knows?

[7string]

Might be the 1.5 million share sell @
.052 after the bell

[Johndough*]

Scottrade shows time & sales .052 last size 1,492,200 at 16:02:55 and it was color Magenta Green– The trade occurred on the Ask.
Red– The trade occurred on the Bid.
Blue– The trade occurred inside the Bid and Ask.
Magenta– The trade occurred outside the Bid and Ask
Yellow– The trade broke the previous high or low for the day. scottrade streaming quotes shows last size 1,492,200 but the last price was .0644 I could be wrong but i believe that it was a earlier sell that did not effect the and of day price

[Hank Chinaski]

I asked an informed trader about t-trades and this is what she replied:

MMs don't have to show all orders. The rules governing that are complicated, and I don't understand them all. But there may at any time be big orders you don't know about. Level II isn't the Rosetta Stone. It doesn't tell you everything. The MMs themselves have Level III, which shows much more about what's going on.

T-trades are executed during the trading session, but not reported until after the bell. Sometimes, the MM just closes out the transaction and prints it shortly before the close. He may even do that earlier in the day. Those trades show on the tape as "out of sequence", or "averaged trades".

T-trades are almost always sells. They don't have to be, but usually they're done by toxic financiers dumping. The seller hires the MM to work off his order. They agree on an average price for the trades, or at least on a desired average price. The idea is not to tank the stock any more than is necessary to execute the trades. That's because the toxic funder is likely to have more to sell, and wants to get the best possible execution. He'll pay the MM about 1.25% of the value of the trades as a fee. Sometimes the MM takes it in stock, which is why the price for the averaged trade may be below the bid.