RE:The Close?There was supposed to be a sell imbalance on the MOCs of 2-3mil shares but came out as a buy imbalance of over 1.1mil.....bots went crazy and drove the stock down to .74 in the last few seconds....stock was then frozen on the close cause closing price would pop the stock more than 10%....so exchange freezes the stock to let traders enter offsetting orders....closing print then goes up at 4:10....went from .74 up to close at .80. Look up LSG and TGX....exact same thing happened.
All this happened as a result of the Q2 index rebalances....this is why the stock traded like garbage this week...should see better action next week....the fact that the MOC came out as a buy shows that there is a lot of big buyers still out there, even at these levels....great sign! The big drop before the close was just mkt mechanics and should not raise concern in this situation.
Good luck all!
Piperdown wrote:
What number do you guy s show as the close. I have $.80 on my TD brokerage.