Post by
littledave55555 on Jan 19, 2021 4:22pm
Why ??
montley fools comes out with an article about how good ath could be... an the in a couple of days the bottom falls out ..?? Why ?? Is there something I'm missing here... ?? Anyone have an idea why 7 million shares would go when everything looks good ??
Comment by
filefish on Jan 19, 2021 4:27pm
A guess: I think someone trading in house 01 got wind that "Equinor was selling". Got scared and unloaded 5+ million shares. When actually the Equinor transaction was only a transfer of the ATH holdings from Canada to Europe
Comment by
indoubtgetout on Jan 19, 2021 4:37pm
NO real reason for Equinor to sell unless there is bad blood between ATH management and them. Seems like a bad trade, panic sell or something. If your story is right, ATH should be back to 23 cents at theh open tomorrow. Anyway, sloppy trading destroys confidence......
Comment by
lovehockey on Jan 19, 2021 4:41pm
Pretty sure it is Equinor. I don't think there is anyone else out there who could sell 20% of ATH stock.
Comment by
filefish on Jan 19, 2021 4:48pm
Its definately Equinor and pretty sure the transaction was only a transfer from Equinor Canada to Equinor Netherlands , not a sale to a 3rd party.
Comment by
lovehockey on Jan 19, 2021 4:50pm
Are you saying we just had a wash trade @ 18 cents? I do not think this is possible. Transfer would have happened without a price 20% lower than market.
Comment by
fellowship on Jan 19, 2021 4:51pm
If it is a transfer of shares then tranaaction does not take place on exchange.