Well Ron, let's take a look at your facts. You composed your post no later than 3:23 EST which is before any of the trades you list, unless you claim those times are PST, but ATHM didn't reach the 12:40 trade of 151 1/2 until 3:40 EST which was after your post, so how could you claim there was block activity earlier?
The blocks you list came in near the close and as Jay stated and I explained, represent into close, run-off, and late trades. Real time tick feeds don't give late trades and I composed my original comment at 3:40 when the first block apparently traded.
As for the number of 5000 to 10000 I counted 23 averaging 5834 most of which traded around and after you posted. Since my feed doesn't show any of the blocks you or Jay listed, I must assume that they were all late or misprints and that is the only way to explain the trade times since the stock hadn't reached any of those prices at those times. So your flippant comments were misleading if not totally false. I haven't been able to find any of Jay's block trades in the real time list so they may have been spurious. I was watching the selected ticker and simultaneously read your post. I responded because it was so starkly contrasted to the what was happening on the tape.
What's humorous here is that you're trying to make some sales argument. Are you a used stock salesman? Further, the action into the close which apparently had a few blocks was indicative of panic short covering. After the panic the good short seller sells. The best shorts are those which are taken in short covering. You can't use that here since the stock is completely erratic, but for some this tip gets it sold.
$750K is peanuts even to me. Most institutions can't even trade in this stock because it's too thin. It isn't a matter of quantity of money. Hey bud, where you been? Everyone is rich. There's 10,000 institutions out there pushing around $100 trillion. $1 billion funds are dime-a-dozen. |
