Re: 2 blocks (1 million each) at $1.43

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rebels1

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Re: 2 blocks (1 million each) at $1.43

in response to

2 blocks (1 million each) at $1.43

jurek

posted on Apr 05, 2011 05:04PM

Jurek,

Thanks for that piece of info. Retail investors usually don't have access to see who buys the stocks so all they see is high volume, my platform only says above average. I always get concerned when 1 institution does these swaps as it frequently is a ruse to deceive retail investors into believing there's a demand when in reality there isn't.

Todays volume was 2,443,585 so when you take away Raymond James 2 million share swap at $1.43 ( really just a BS move paper shuffle ) REAL volume was only 442,585. In fact SP was dropping on zero volume until Raymond pulles this stunt around 1pm and only then did SP start to rise on low volume..So the trick did work, fooling some people into buying high.. **** Can you tell us who bought the large blocks moving SP up*****

Most sites I frequent including stock charts and American Bulls are indicating a bearish sentiment for cll ( including the excellent bar chart site you gave us). I still think there's going to be another push down to low or mid 1.30's to clear shorts before another push up at the end of the month..