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Mitsubishi UFJ Financial Group ADS Rep 1 Ord Shs V.MTU


Primary Symbol: MUFG

Mitsubishi UFJ Financial Group Inc is a Japan-based Company mainly engaged in financial business. The Company has eight business segments. The Digital Services segment provides non-personal transactions financial and digital transformation services. The Corporate & Retail segment provides financial, real estate, and transfer agency services to individuals and corporations. The Corporate Banking segment provides above services to large Japanese corporations in Japan and overseas. The Global Commercial Banking segment provides financial services to small and medium-sized enterprises and individuals at foreign commercial banks. The Fiduciary Assets segment provides asset management services to investors and asset management companies in Japan and overseas. The Global CIB segment provides financial services to large non-Japanese corporations. The Market segment provides foreign exchange, fund, securities, and cash management services. The Other segment provides administrative services.


NYSE:MUFG - Post by User

Post by royalflush5on Feb 28, 2011 3:10pm
525 Views
Post# 18206654

Difference is

Difference isThis stock didn't run up.. It made a huge x2 gap up after the halt...
Investors/Traders are the ones to blame themselves for driving this up during the halt.  Once the halt was lifted it didn't move that much.

I don't understand why would people keep placing higher and higher bids during halt.. Fine, let it gap up a bit if it deserves it, and it does, but then let it run after, not vice versa..

Market Maker has nothing to do with opening of the price, he just sets an equilibrium between the highest bidder and the lowest seller.. And well.. there were a lot of high bids coming in... 

Oh well, the potential is still here to go higher, just seems a lot of traders are now desperately trying to scramble out of here... L2 still looks very thin due to the small float all the way to someone's ask at 5.00 :)

(It wouldn't be hard to take it to that level just by looking at numbers)
Bullboard Posts