5,000,000 share block trade at 9:47 (why bashers are here)Not much talk about this. This is huge; an institutional trader bought 5 million shares in one trade.
Why is this a big deal; because institutional traders have resources to research a company’s prospects that are light years above anything a retail investor has. If with the information they have they buy a 5 mil share block trade then that mean’s we’re heading to $5.00 easy.
For a company like LGC, a 5 mil block trade buy is extremely large, that shows the confidence they have. They do fundamental analysis, which means they look at what a company’s future earnings are going to be.
The big boys don’t buy a huge block like that just to make a quick 25%. This means with the research they have available they know for sure, LGC is going a lot higher, maybe $5 in 2018.
The 5 mil was bought by Echelon Wealth Partners and they are experts at buying good stocks, from their website;
“We believe that the highest level of integrity and operational expertise are crucial to building lasting relationships with our clients.”
“Our advisors have the freedom to offer truly independent investment advice, always putting their clients’ needs first.”
Now experienced retail traders know this block trade is a sign to start two-fisted buying. You'll see them moving in and trying to buy up shares quietly without making the price go up.
A very few low-life pro traders will do this by bashing the stock and shaking the tree non-stop while they scoop up the shares sold by spooked retail investors.