More Fuel for the FireHere is this morning's trading action. The 'standard' 25,000 block was thrown up at the ask yesterday, this AM it got bought up, and, low and behold, on Level II, I now see another 25K block at 1.25, again, at the ask.
I expect that this pattern will continue to repeat, there is not sufficient buying interest in IVW to generate bid volume to break through this manipulation until cash is in the till.
Maybe the principals need to open their wallets, LOL.
vocex1
Last Trade: 17 Dec 2004 10:52 EST
Last Traded 1.250 Net Change +0.000
Last Bid Size 48 Volume 60,600
Last Bid Price 1.240 Open 1.240
Last Ask Price 1.250 High 1.250
Last Ask Size 332 Low 1.240
Time Price Shares $ Chng Buyer Seller
10:52 1.250 3,000 +0.000 RBC Ntl. Bank Fin.
10:52 1.250 2,000 +0.000 RBC HSBC
10:52 1.250 5,000 +0.000 RBC Canaccord
10:51 1.250 10,000 +0.000 RBC Canaccord
10:50 1.250 5,000 +0.000 RBC Canaccord
10:50 1.250 5,000 +0.000 RBC Ntl. Bank Fin.
10:47 1.240 1,600 -0.010 Research Cap. HSBC
10:19 1.240 2,000 -0.010 Research Cap. Raymond James
10:12 1.240 2,100 -0.010 Research Cap. Raymond James
09:36 1.240 12,900 -0.010 Research Cap. Refco