As they say in China, before any up turn there is a down turn, after any down turn there is a up turn! ( Could be from any where , I am not sure about its origin) !
Tom, the law says you can only SHORT after 2 + ticks. This mechanism is precisely installed to avert downside trend on stocks. Secondly SHORTing, by nature, creates negative tick so a large block in excess of 100k is never possible to be shorted unless there is buyer for it ( which makes no sense). Thirdly have you seen bid of 100k for the same price, let's say 22 ¬? I guess what I'm getting at, those large trades today appeared to be even trade which at this point I don't even want to speculate Who /Whom and Why?
Let's leave at that. To my even opinion, a lot of large blocks were traded by not "little people".
So let's see what tomorrow unfolds!
Regards,,, Camron |
