Posted On: 01/07/2015 4:26:38 PM
Post# of 30038
Re: the gipper #14498
This is what I'm noticing. Yesterday, there was a sh@t ton of sales done below the bid. Oddly enough, today there're a bunch of trades being done between the bid and ask price now. This to, much like yesterday is very odd for this stock.
Usually, in my opinion when you see sales below the bid a whale is usually scared and wants out of his position before it drops further, ie trend reversal. However, with assumed good news due soon it can be seen as way to scare to others into selling and force a lower price for this same whale(s) to buy cheaper shares and accumulate.
What has me convinced of this is the fact that today now we're seeing a bunch of smaller buys between the bid and ask prices. Anywhere from 50-75-200-500-1,000-5,000-10,000-25,300 share blocks. Looking at the data over the past couple days and weeks this is highly unusual behavior for this stock.
This is all just my interpretation and should not be used for your own decision making.
Usually, in my opinion when you see sales below the bid a whale is usually scared and wants out of his position before it drops further, ie trend reversal. However, with assumed good news due soon it can be seen as way to scare to others into selling and force a lower price for this same whale(s) to buy cheaper shares and accumulate.
What has me convinced of this is the fact that today now we're seeing a bunch of smaller buys between the bid and ask prices. Anywhere from 50-75-200-500-1,000-5,000-10,000-25,300 share blocks. Looking at the data over the past couple days and weeks this is highly unusual behavior for this stock.
This is all just my interpretation and should not be used for your own decision making.
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