GREY:SXRZF - Post by User
Post by
PUNJABIon Oct 05, 2012 4:36pm
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Post# 20454606
Merrill Lynch selling UUU
Merrill Lynch selling UUU ML would have sold over million shares today at average sale price of $2.228. Most U stocks traded lower. There are decent bids when the stock trades lower. Buyer just posting bids & get filled when sellers drop the blocks. Buyers not interested in taking out the offers
Stifel Nicholas broker # 82 is day trading UUU. Has a strange style. If this it is institutional trading then it is very amateurish. I do not think he is using any Aglos. Just posting large bids & offers from 10 to 50k. He is trading a spread of a cent. His average buying price for the day was $2.227 & bit lower selling price of $2.223
For about a period of one month he has traded about 1.5 shares bought at $2.394 sold at $2.406. He does not sqaure his exposure the same day. He is carrying over night positions which could be for longer period.
This broker is contibuting little to the slide of UUU as he froces trade & try to sell immidiatley when he gets fill. If there are other sellers at his buying price for his share he has just brought he posts his offer too at the buying price. CIBC is the largest HFT but they run Aglos