GREY:CKNBF - Post by User
Post by
workrestplayon Jan 09, 2001 5:43pm
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Post# 3096040
pay attention BEYOND10
pay attention BEYOND10Firt off, I assume your name refers to your IQ aspirations.
Secondly, you seem to be excited about a drop in the price given the volume today. Well, given that 1 million of the shares was a result of one brokerage, who from what I see was conducting a cross trade; where is the significance? As such, this 'big volume' is not a 'big sell' since there was already a buyer involved before the trade was executed. In other words, if they sold 1 milion shares on the open market, with no idea as to who might be buying it, then I would give some importance to the size of the trade; but with a buyer and seller being via the same firm, this was a controlled change of hands - nothing to revolutionary.
As to predicting the price, tell us oh great 'JO JO, seer of the future' how do you conclude your ideas - tea leaves, cards, or do you use your palm. I would suggest palms, but I am sure one is busy.