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.
Technology Stocks : VALENCE TECHNOLOGY (VLNC)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: P. Ramamoorthy who wrote (7192)1/19/1999 2:55:00 PM
From: HQ  Read Replies (1) of 27311
 
Ram - What do you make of today's trading activity?

I notice the large blocks that are going through at the 7 1/2 or 7'9 price, which appear to be sales.

I would think, from past observations/interactions with the MMs, that if you or I tried to dump that many, without some offsetting buyers, the MMs would yank the price right down.

I've seen this happen on other days in this last month.

What do you think of the possibility that this is Castle Creek selling blocks to the MM's at agreed-upon prices? Being a 25% premium to their cost, it's a nice return in the short run, and still not a large percentage of their holdings.

And if this is setting the price at which the MMs can get a large number of shares for sale, then any subsequent purchases by us small retail investors would have to be above this price (for these shares). (Barring other unforseen 'large sellers', of course.)

At the least, someone is arranging things with the MM here.
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