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Strategies & Market Trends : The Ego Forum

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To: hubris33 who wrote (2997)1/6/2009 1:53:47 PM
From: hubris33  Read Replies (1) of 12175
 
SMC trading today....

WAS a BIG wall of shares sitting at 39-cents (54,000) on ISE....

NOW it looks like that wall has moved UP to 40-cents!

LOL!

Gotta wonder why someone would be willing to put a BIG wall of shares on a penny stock? Tell me they aren't sitting on the bid with iceberg orders sopping up all that get sold?

Darn 40-cents just crossed...if that keeps up will that BIG ask move up again?

CC starts in 7 minutes....

H3

<edit> only 6,900 shares on the AMEX so I guess most "normal" orders will get filled there first and THEN the AMEX specialist might go looking for asks on the ecns?

<edit2> LOL! ISE dropped his ask to 39.01 cents on ISE and the share size down to 13,000. I see ISE has 24,200 shares on the bid at 38-cents. Can these guys be less any less transparent?

SMC under accumulation....
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