GREY:PMVGF - Post by User
Comment by
OracleOfOttawaon Mar 10, 2011 3:13pm
222 Views
Post# 18267248
RE: RE: What happened here ???
RE: RE: What happened here ???here's what happened...
there was an ask of 999 at 80 cents first thing this morning - bid of 10K shares at 77 cents.
I took a chance and sold 10K at 77 cents, right after that was the nosedive, which was all 57 interactive brokers.
He sold 126K shares at 36 cents to Anonymous, who turned around three trades later and sold it to CIBC i believe at 47 cents - so they made about 15K in less than a minute.
I bought my 10K back at 66, so I only "made" 1100...took me about 5 minutes...
brings me back to the point i have made all along - not much support on the bid, so if someone sells, it will go down, but as we see, it typically goes back up again.
This stock is the same stock as yesterday, no bad news or anything, so i agree, someone was dumb enough to sell at market.
Some peoples gain tho...
hey, you wanted a chance to pick up more shares cheap WOG :)