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Gold/Mining/Energy : Daytrading Canadian Stocks in Realtime $3.00 or less
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To: 1st.mate who wrote (2683)1/29/2001 8:08:41 PM
From: marcos  Read Replies (1) of 4065
 
Quite often they get sold down for the specific reason of doing pre-arranged crosses ... here's one scenario - a stock is getting sold down anyway because a large holder or a group is getting out, parties interested find out who they are and negotiate block trades for the whole package, usually under the market but not so far that selling it down is difficult .... the bid and ask for the block don't get shown on the depth as they are put in fill or kill, and as simultaneously as possible ... then the buyers are motivated to buy the stock back up and are able to do so through thinner offers, and at the same time others see the volume and get interested ... that's about the most normal scenario imho

[edit] - it's not always down to do the blocks - check out the log for ivn.to in december, they moved it up and crossed lots.

Essam Hamza years ago had a thread on block trades, the phenomenon was discussed in general in early posts as i recall, they were worth reading ... can't find that thread, but here is his later one - Subject 27976

Fred C, those jcps [junior capital pools] almost always start off their listing with a block of millions at .20 ... they almost always trade up after, i've never seen one that didn't .... but good luck trying to get the .20s, you have to be connected.
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