GREY:HRTPF - Post by User
Post by
robnhoodon May 11, 2013 6:24pm
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Post# 21368445
I said it before and I'll say it again
I said it before and I'll say it again The trading on Friday was unusual and looked very contrived. It started out quiet as usual with low volume. Then all of a sudden the volume went ballistic, but the price movement was slight .This went on for some time and many millions of shares changed hands, but the movement although on the upside was tiny. This heavy volume attracted attention which was probably seen as leaks about drill results and this brought in more buying. By this time the setup trade of 20 or 25 million shares was over and the new buying propelled the price higher.
IMO, the trading had nothing to do with anyone knowing anything about drill results, but definite knowledge of MM stepping down.
To me it is obvious that the big volume trade was setup if as and when MM stepped back.
Just a guess but it sure looked like that to me.
Instead of watching the stock though, I guess I should be watching boat traffic.