As expected, the usual initial attempt at a take-d
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Posted On: 06/27/2017 9:42:01 AM
As expected, the usual initial attempt at a take-down. But then as I watched someone came in with a 10,000 share buy, at the ask, so now we're back to unchanged.
I wonder if the various traders' gangs are now fighting with each other -- someone wants to try to take it down to get lowball prices for short covering and/or accumulation of stock, and then another gang swoops in and takes advantage of it? Anyway almost 38k shares in the first 10 minutes is pretty surprising for a stock that has a long-time average volume of around 270k shares, and volume in the past week that had days of around 100k shares or less.
I wonder if the various traders' gangs are now fighting with each other -- someone wants to try to take it down to get lowball prices for short covering and/or accumulation of stock, and then another gang swoops in and takes advantage of it? Anyway almost 38k shares in the first 10 minutes is pretty surprising for a stock that has a long-time average volume of around 270k shares, and volume in the past week that had days of around 100k shares or less.
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