Post by
Royal10 on Oct 29, 2015 2:29pm
GXI: Big buyers.
Morgan Stanley buys 500,000 shares on a big volume day. Looks like former insiders that have resigned following new restructuration measures have finished selling their positions.
Comment by
gameface07 on Oct 30, 2015 7:21am
Why would Mr Proud be a seller down at these levels? I think your assumptions are wrong. i think there were forced sellers due to mrgn issues and also the beginiing of tax loss selling. stock is stupid cheap at these levels and new interm ceo seems to be cleaning up balance sheet ahead of what will likely be their last weak quarter
Comment by
Royal10 on Oct 30, 2015 9:54am
The big selling during recent weeks were done by Broker #1 (Anonymous), a specialist in liquidation of positions owned by insiders. When Anonymous is out of the way, its time to buy. As an example, Anonymous is on the ASK side (seller) on GXI.DB. I suspect that insiders are liquidating their remaining positions.
Comment by
gameface07 on Oct 30, 2015 10:51am
do you understand what anonymous trading is? any house can use anonymous trading.
Comment by
Royal10 on Oct 30, 2015 2:38pm
I understand, but Houses that are using this name don't want to be identified because they frequently show only a small part of a big number of shares they have to sell. When they have finished their selling the name "Anonymous" disappears and this is good news.
Comment by
gameface07 on Oct 30, 2015 3:24pm
thats called iceberging but anyway a little early to know if selling is done as we are heading into tax loss season. time will tell. lets just get through earnings