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?
The correlation would be if House A was selling to House B, who dumped to House D, and then House A bought from House C, etc. The tight trading range is a result of the movement of shares. There was no one else to buy or sell the stock, or they were just frozen out unless they were willing to pay more or sell for less...
The best thing to do is watch the Houses and see what happens over the next few trading days. You may find one is a 'Bid to Ask' or 'Ask to Bid' candidate when/if things ever get hot and heavy in the stock...
a) It's typical of MM's who trade positions for whatever reason.
b) See earlier about frozen buyers/sellers
c) Most of the time, no. It's just banking...
d) Most of the time, it's coordinated over the phone...
The most important information you can gain from this is; Who is the Axe and where does he fit in? If you can figure that out, you have gained "insight." |
