RE:RE:RE:RE:RE:Thumbs upRogersBulll wrote: Velocity is a market maker, not an insitutional buyer. Therefore, yes they have purchased 3.5 million shares, but they also sell a lot through anon. They are simply here to provide liquidity for buying and selling.
I wouldn't read into their house positions too much, but rather how well they support the stock on slow days and with big buys/sells. GLTA
That's their main function and to do so they usually have a large inventory of shares. It's easier to offer liquidity to buy shares with $, so on the flip side you need to have shares to sell to buyers.
The are also trading for their own account so it wouldn't surprise me if they hold a net position for themselves and possibly for clients.