something going on here
posted on
Aug 09, 2010 06:15PM
Level ll Quote | ||||||
Bid | Ask | |||||
Price |
Total Size |
# of Orders |
Price |
Total Size |
# of Orders |
$0.45 | 1 | 1 | $0.455 | 240 | 1 | |
$0.445 | 136 | 3 | $0.46 | 14 | 2 | |
$0.44 | 4 | 2 | $0.465 | 140 | 1 | |
$0.435 | 18 | 2 | $0.47 | 192 | 4 | |
$0.425 | 26 | 1 | $0.475 | 80 | 1 | |
$0.42 | 250 | 5 | $0.48 | 84 | 3 | |
$0.41 | 33 | 3 | $0.485 | 27 | 1 | |
$0.405 | 6 | 1 | $0.49 | 56 | 3 | |
$0.40 | 30 | 2 | $0.495 | 54 | 3 | |
$0.395 | 2 | 1 | $0.50 | 260 | 1 |
So... on a tiny little one-day dump to what's quite obviously the bottom of the stock's recent trading range, with production numbers improving, all of a sudden we see a 120,000 block mysteriously appear on the ask at 45.5 cents. And a 70,000 block at 46.5.
When, exactly, were these shares bought? These look a bit too large to be limit sell stop-loss orders, especially since you wouldn't expect your average retail chump to set limit sells, and he wouldn't be holding blocks this size.
Looks like a bit of gaming going on. Can anyone find out whose house is selling these two huge blocks? Or do we know the recent short position is on CMM?