(Total Views: 185)
Posted On: 01/04/2018 4:11:57 PM
Post# of 72447
I've said many times how sick I am of this whole futile debate.
I've also posted attempts to find common ground and correct misunderstandings that appeared to be happening.
It would be far more productive to focus on the truly crazy trading action today.
Does anyone really think that any trader would dump 110k shares on the market in a matter of a few minutes, thus guaranteeing themselves bad executions because the price would go down -- as it did, by at least $0.035?
And given the close at virtually unchanged (3 ten-thousandths, give me a break),
one can easily see exactly how counterproductive such a massive dumping would be --
unless they are phony trades in an attempt to walk the price down.
NO ONE with that many shares who genuinely wanted to sell them, would do it in several large lots, within minutes, instead of doing much smaller lots spread out through at least one day. No one.
I've also posted attempts to find common ground and correct misunderstandings that appeared to be happening.
It would be far more productive to focus on the truly crazy trading action today.
Does anyone really think that any trader would dump 110k shares on the market in a matter of a few minutes, thus guaranteeing themselves bad executions because the price would go down -- as it did, by at least $0.035?
And given the close at virtually unchanged (3 ten-thousandths, give me a break),
one can easily see exactly how counterproductive such a massive dumping would be --
unless they are phony trades in an attempt to walk the price down.
NO ONE with that many shares who genuinely wanted to sell them, would do it in several large lots, within minutes, instead of doing much smaller lots spread out through at least one day. No one.
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