SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : JTS- "A Nordic Drive in Every PC and laptop"
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: tbevan who wrote (1112)8/5/1997 5:23:00 PM
From: novice investor   of 1985
 
Hi thevan,Jon Nunley

<how does one know from looking at the graph that the stock is being sold as a block and not bought that way?>

I always examine graphs from at least one other web sites to verify the Lombard's intraday graph. On yesterday's (Monday) graph, the transaction of 1.25 million appears shortly before noon and the price was steady at BID level immediately before and after the transaction indicating that entire block was traded at the bid price. I would consider this to be a "block selling." Had it been at the ASK price, it would be a "block buying."

<Could someone help interpete these charts. It appears that todays 1mm shares traded took place at the ask price of 5/8. Is this how you determine that this is a SELL of 1mm shares? Also, if this is a sell, it appears there is very good support at this price considering the large blocks that sold yesterday.>

On today's graph, there is a million share transaction that appears shortly after noon and the price shows sudden jump from bid price to ask price. If you examine the Lombard's graph in enlarged format (try the huge size), you'll notice that the shift from bid to ask price occurs NOT on the million shares but on the very small transaction immediately after it. On Lombard's graphs, the price movements reflects actual price of transaction at the time regardless of the volume and based on their graph, today's million share trade was executed at the BID price. Another block selling.

I agree that with so many outstanding shares for JTS, there probably are professional day traders using large volumes to generate profits on 1/16 movements; however, the overall trends based on the graphs still seem negative. As a JTS share owner, I'd like to see supportive indicators for JTS as much as anyone but I certainly can't find anything encouraging in the graphs.

NI
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News