This is Al's comment on the mcfauld's site. I read this and noticed that this morning, anonymous, is not selling or buying much, just blocks of 100-300 mostly. I understand that anonymous is used by some of the big boys to hide their identity. Al's points make sense to me here.
Yesterday after the news about JP Morgan came out all institutional money stopped buying the stock and the share price slid as investors paniced and sold off their holdings. At that time I bought more shares and noted the sell off reeked of accumualtion from the market maker. They pull all their bids and let the retail guy sell off his holdings in small lots as they sit back and pick off the smaller sells. As soon as they have accumulated enough shares they start whacking theĀ asks and drive the share price back up.
So I wonder when/if they will start 'whacking the asks' this morning...
BK