Thanks for pointing out that that was a T-trade. That especially corroborates my point that it was a very bullish indication for our stock. Or didn't you realize that? Your remark "shows a basic lack of understanding of trading in general."
After hours trading enables investors to react quickly to events that typically occur outside regular market hours, such as earnings reports. However, liquidity is constrained during such trading, resulting in wide bid-ask spreads.
T trades, are executed in after hours trading, and are the result of accumulated buys or sells handled on a not held basis by block desks, otherwise known as 'late prints.' Large blocks of shares may not all be sold in a single trade, so a broker or market maker would file a Form T for the remainder of shares listed at the average price that day's shares sold for as if they all had sold. If all the shares had sold in that one session, the transaction would have been recorded normally. The T Trade reported during the after hour's trading, can be from one market maker, or many involved market makers.
An investor can tell if a Form T transaction is by a buyer or seller by looking at the price the trades were entered at. If entered at the lower end of the day's range, or below it, it's likely a seller. If entered at the higher end of the range, or especially if it was higher than the day's closing price, then it's likely from a buyer, and that is a bullish indication. A large volume would be bullish if the stock closed higher. It would be bearish if the stock closed lower.
$.5646 +1.7% volume 70,800
Since it was above the day's closing price, and with very high volume, it is bullish. It was from a buyer(s) that was(were) determined to acquires NAK shares.
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