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rayovac812

08/06/12 6:51 PM

#47020 RE: bananarama #47015

Trading in and out is a bad idea.



Some folks know what the trading range is. Why do the powers that be make a 1.4M share block visible today, when it was hidden 2 days ago? They can display whatever they like, but it depends on what they want to broadcast. If someone started hitting the ask hard, then that 1.4M would go away in an algo trading fraction of a second. Seriously, level 2 could show 300 shares on the ask and you could watch many 10's of thousands of shares go through at that level. It is called feigning or showing a lack of interest. Institutions play these games everyday. 1.4M shares to sell...REALLY? If they did have that many shares to sell and had a realistic desire to unload them, then they would not show them to the great unwashed on level 2.