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fishingincea

04/10/08 11:33 AM

#17308 RE: CaptainJim #17307

MMs are walking down it with little volume.
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xray44b9

04/10/08 11:35 AM

#17309 RE: CaptainJim #17307

I guess this MM crew didn't like the CEO getting interested in investigating what they consider their turf and wanted to reiterate who is in control. I find it interesting that yesterday's very odd close where the buys were way over the ask all of the sudden and the green close, then today's PR. Unless someone heard a rumor and had to get in at market quick-like.
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crashtheline

04/10/08 11:36 AM

#17310 RE: CaptainJim #17307

5,000 Share blocks on the sell side are an MM signal to "gap it this way" (the "way" being the direction of the trade)