Jon - this is really spooky... I've seen similiar things myself, and I've been giving it some thought. Odd you should mention DRIV - it's a stock I follow.
Here's my "weird phenomena" story. I watch the Datek Streamer, for bizarre occurances. I've seen on occasion, the streamer show a low or high that's just way outside of what's trading currently. Wouldn't you know, that more often than not, the stock tends to follow in the direction of the "odd" trade (though it doesn't always reach it). Initially I dismissed it as just another quirk of the Datek streamer (and God knows, the streamer is plenty quirky), but after this has proven quite reliable on a statistical basis, I've began to follow this.
The weird thing, is that when I watch this on LII, and the "odd" trade prints, its not for huge number of shares. If it was a big number of shares, then one could conclude its an institutional "negotiated" trade - and as such, it would signal a direction in which institutional money is headed, and so it would not be surprising that the rest of trading follows that direction. But its not for a huge number of shares. I don't know what to make of this. Maybe we're just seeing ghosts<ggg>! |
