andrew, i am not looking for a fight with you over what clearly was accumulation by one or more large investors today.
accumulation rarely occurd wit some one placing a trade for 10k, 30k, 50k,... unless the stock trades in this type of volume, then it will not be noticed.
idtc today had shaes sucked up in vast amounts in spurts, that is what your graph shows. if you followed on lvl 2, you would have seen all the asks taken out, and kept taking out for a short period of time. hence, what occurred was accumulation by taking out the ask. this happened several times today.
each time thousands of shares were purchased from the small investor by the accumulator by continually purchasing blocks at the ask. the purchaser would stop, and do this again later. hence small investors had there pockets picked by a large investor accumulating, and the novice investor looking for large blocks, fails to see the accumulation which was done in small blocks, but if you examine your chart, added up to thousands of shares.
it will be interesting to see if the accumulation continues tomorrow. whomever is purchasing has very deep pockets. |
