GREY:STACF - Post by User
Comment by
dlegovichon Dec 13, 2006 2:00pm
204 Views
Post# 11860844
RE: Anyone care to speculate on cross trades?
RE: Anyone care to speculate on cross trades?Another possible explanation:
What seems strange to me is that a huge (4.861.500) lot had buyer and seller using the same broker.
Is that casuality?
I don't think so.
I suspect someone who retains a big position in this company has bought and sold at the same time this big chunk of shares with the only purpose to show up a big volume today, attracting and exciting traders who look at the most active stocks and the like.
Also, technical analysys will tell you that 0.8 is a big support because it held despite that big volume.
I would not be too much excited on this.