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I have been been watching AMAT for the last several weeks and I have
seen a pattern that just puzzles me and am asking to see is anyone might
have a clue to what is going on.
What I have noticed is that when the price is about to decline or
advance intraday there will be a large block trade outside the current
bid and ask and in the opposite direction of the move. So if the price
was going to go up there would be a large block transaction below the
current bid. Usually about an 1/8th below the bid. Some times their
might be more than one large block but usually just one. Some times if
the advance has been strong then when the price was starting to stall
slightly. A large block would trade about 1/8th below the bid and the
advance would quickly continue.
The size of the block for the most part has been the same (25,000 shares
if my memory serves correct.)
Completely clue less,
Harley
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