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Bullboard - Stock Discussion Forum Douglas Lake Minerals Inc DLKM

GREY:DLKM - Post Discussion

Douglas Lake Minerals Inc > Can anybody explain...
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Post by JJ40 on Feb 16, 2011 6:44pm

Can anybody explain...

the 100 shares traded after closing?  This seems to be a pretty common phenomenon and I was curious as to the reasons why.
Thanks,
JJ
Comment by traveller180 on Feb 17, 2011 10:32am
STRICTLY IMO HERE: This has happened far too many times to be a coincidence. Someone places a market order at 3:59 PM for 100 shares which opens the stock at a higher price the next morning. So, for example, say an investor bought 50,000 shares back in the beginning around the 52 week low. Rather than selling the shares all at once, this person is selling blocks at a time the morning after the 100 ...more  
Comment by JJ40 on Feb 17, 2011 1:36pm
Thanks for taking the time to offer some answers Traveller.  I appreciate it.JJ
Douglas Lake Minerals Inc
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