Been a coupla days...trade logs...
...starting last Tuesday...bid or below - split - ask or above...
Tues...21,900 - 30 - 8,400
Wed...20,600 - 9,200 - 59,100
Thur...59,400 - 9,000 - 20,000
Fri...26,100 - 8,800 - 25,900
Today...34,300 - 300 - 26,800
Of much note, last Wednesday saw three large consecutive buys @ 2 5/8...10K & 5K, followed by 25K.
Thursday about 2:30 saw a block of 10,000 come in 1/64 below the ask of 2 9/16.
I would watch the logs closely. None of the big blocks moved the spread much, if at all, possibly indicating they were MM-MM trades, or somehow not part of the normal market hub-bub. I suspect the big blocks may start to become more prevalent in the coming days-weeks. Recall that LH mentioned marketing WWES to the "Sell" side...notice also that the largest block, like those over a week ago towards the close come at prices just inside the normal spread...i.e., the "inside spread" used by MMs amongst themselves...;o)
Every other trade was 5,000 or less, or broken up to appear so. My opinion of this is that it is the last of any initial stock holders bringing their shares into the float. |
