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Douglas Lake Minerals Inc DLKM



GREY:DLKM - Post by User

Comment by tobinator01on Feb 24, 2009 10:20am
206 Views
Post# 15799316

RE: WTF

RE: WTFRelax.  All this was is an institutional cross trade.  These big cross trades for thinly traded issues usually aren't price movers.  Many times someone will call market makers and say I want to buy or sell 5 millions shares, for instance.  The MM's whose responsibility is to not have trade exaggerated one way or another and will go hunting to fill the order.  My understanding is they will call big institutions to see if they want to participate on either side of the trade.  Market makers could have been accumulating shares for a long time to sell to the big buyer or simply were able to match two institutions at an agreed price.  My take is this is neutral and could actually be quite bullish if the MM's were accumulating shares for a long time to deliver to the big buyer.  What would be construed as negative is if we saw 5 million + shares trade at well below the previous day's close.
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