Dennis, I checked through Friday's trading log on my Real Time Quotes. I found that the 800,000 share trade was BACKED OUT and RE-RAN as two separate trades, one at 300,000 and the other at 500,000. The transactions you referred to in your post accounted for a TOTAL of ONLY 800,000 shares.
The trades came through at .0193. The price these transactions were executed at, was ACTUALLY LOWER THAN WHERE THE BID PRICE was at the time the transactions were processed. It looks like someone may have intentionally been trying to keep the price down.
I ran a quick tally of the shares traded on Friday. Here are the approximate figures that I came up with:
BUYS **** 1,528,300
BETWEEN THE BID AND ASK?? **** 360,000
SELLS **** 1,165,000 (I included the 800,000 shares in this figure.)
So there were in fact MORE BUYS THAN sells on Friday.
Cheryl |
