RE:RE:RE:seeking alpha on NSUTrue index funds are "passive" and need to do the trade, whether a buy for an addition or sell for a deletion at the closing price of the day. That is why we have MOC (market on close) orders.
What I find interesting on this trade are the buyer(s). Merrrill Lynch and Anonymous took down more than 3 million of the shares. Love to know who they bought them for.
rob926 wrote: I hope it is the index funds and not a large shareholder continueing to sell into any volume. I listened to the conference call and watched the stock move up during and then went golfing. Just got home to see now I have another day of loss.