Actually, I haven't played the swings very well today. Patrick, maybe you can explain this to me: watching gmgc very closely, it is tracking the naz, in almost perfect harmony they move up and down. At what now looks like the bottom, for both, large blocks start crossing, on both sides of the isle. Then a really good sized one, 60k, at the bid and the low of the day. Almost immediately (within one to two minutes), both bid and ask start rising. I've seen this happen a number of times, in both directions, i.e., big blocks just above the ask, then price drops, big blocks at the bid or just below, then the price rises. Is this due to the big boys covering shorts, or placing them, as the case may be?
Thanks,
Papillon |
