Post by
Habland on Jun 08, 2015 1:03pm
Latimer selling small amounts
Latimer sold twice this morning 300 shares each time at .315 and another time 400 shares. The 300 shares were not enough to move price. This looks to me that they are one of the shorters trying to keep price down. Maybe this is a wild guess. Latimer has been doing this for many months. Shorts did come down about 300000 at the first of June maybe by mid June shorts will be all gone.
Comment by
RetailRube on Jun 08, 2015 1:28pm
Habland, anything less than 500 shares is an odd-lot trade. Telesta's market-maker (currently Latimer) fills these trades out of their inventory to keep people like me from wasting my time with odd-lot fills. Otherwise I would be forced to put in more orders to round off my purchase to a board-lot, thereby incurring another commission charge (for me, $9.99 per trade).