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Technology Stocks : FirstWave Technologies (FSTW)
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To: Oeconomicus who wrote (5091)5/30/2002 11:34:40 AM
From: The Vet  Read Replies (1) of 9677
 
Well, I am looking at the raw sales data and there are dozens of 100 share sells at the bid showing up. Who would make 100 share sells at the bid? You can't day trade like that the commissions would kill you. With the spreads and action in the stock, it's hardly fear of loss of a very small trader..
Many of these 100 share sells at the bid follow (within a couple of seconds) of much bigger buys at the ask. This leaves the last price looking weak sitting at the bid and few people see the much bigger buy at the ask. It is a common ploy used with many stocks recently and they usually make these trades through an ecn. (hard to trace I suspect)

So what explanation is possible?
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