TSX:TECK.A - Post by User
Post by
bendmeoveron May 11, 2011 12:03pm
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Post# 18560363
there has been a different house selling
there has been a different house sellingfar more shares than any other house everyday for two weeks ( but never two the same day) its like they look about 10.00 am at house positions and say well it looks like goldman is getting out today ( better not sell today) then the next day there is one broker who sell far more shares than anyone else ...and so on
....they all know its going down so they sell or short to below the 200 day moving average ( and then they all get back in again ....as soon as positive news comes out ( its a game repeated over and over again) ......................... these are the traders .....not long term investors who probably only account for 20% of the daily volume