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It is highly unlikely that any firm would be long $18
million worth of stock to be able to sell it to a buyer.
In fact I will say it did not happen. A firm also would
not go short that amount of stock to facilitate a trade.
My best guess is that
it was a clean cross. The market maker may have
participated in some part of the trade in a small
amount to complete
the transaction.
Norman E.
Joe Frabosilio wrote:
>
> Phil,
>
> You maybe right, but the most important part of trading is how are you doing on
> the trade, not what someone else is doing. How do you think that Market Maker
> feels now, after selling 50,000 only to go up 100+ points after he sold it.
> I'm sure his boss will be talking to him, very soon.
>
> TradeWell,
> Joe Frabosilio
>
> Phil Lane wrote:
>
> > Was looking at the pre-open ticks for NSOL. There was a trade of 50,000
> > shares at 360. That's $18 million dollars worth of stock. And it was just a
> > few minutes before a takeover was announced at $532.
> >
> > Thoughts?
> >
> > rgds phil
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