A question for you Steve (and others!). Thanks for taking the time to answer.
Today a mining company, which usually does about 100,000-200,000 shares a day goes a little crazy and churns just over 3,000,000 in a very tight range between 5.10 and 5.20...no more, no less.
The majority of trades are crosses of 50,000-200,000 shares, mostly from one house to the same house. These crosses continue throughout the day. There's really only 4 houses involved.
House A buys a total 1.3 million, sells 900,000
House B buys a total of 263,000 and sells 150,000
House C buys a total of 406,000 and sells 341,000
House D buys a total of 247,000 and sells 202,000
My questions are these:
1) Is this "typical" of anything?
2) Why the incredibly tight trading range?
3) Is this a signal of something still to come?
4) Why today? Was this "coordinated" some how?
Thanks for your help.
Kevin |
