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Joe,
Let's look at this way. If the price is now headed towards a decline and
there is a large block trade outside the current bid and ask. So a buyer
is taking out someone who is posting an order 1/8th above the current
ask. The buyer is the loser since the price is headed lower. The seller
if it is short is the winner or the seller who had entered a long
earlier. If this trader was going short who would be so lame to buy
outside the market at a higher price when it was clear that the price
was going to move lower.
After your post I am thinking that this person has two accounts and
might be pulling the trade out from one account to another account.
But why? Are they just going flat?
What ever it doesn't make sense to me.
Harley
Joe Frabosilio wrote:
>
> 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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