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Hi Harley,
AMAT is the only stock that I trade. I took a loss at the beginning of the
month so I'm working on some others, until my 30 days are up. I know what
you mean about this one trader, a couple of months ago there was this trader
that was trading 100k shares with AMAT. He was all over the place, about
4-8 trades a day. It might be the same one. I have no idea what this
trader is/was doing. On the declines I think he is filled going short, with
the up swing ?????
Just keep your finger on the trigger, this guy does put a lot of confusion
into the stock.
Joe Frabosilio
Harley Meyer wrote:
> 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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