Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Biotech / Medical : momo-T/FIF -- Ignore unavailable to you. Want to Upgrade?

To: scaram(o)uche who wrote (1879)	2/7/2005 1:45:58 PM
From: Biomaven	Read Replies (2) \| Respond to of 12215

Some brokerage firms allow you to enter trades using "Volume Weighted Average Price (VWAP)" orders - basically you get the average price for the day, and it's theoretically executed at the end of the day. If someone has entered one of these trades in significant size, then the broker/market maker makes offsetting trades throughout the day to ensure that they don't get screwed by a big move at the end of the day. So if say you sell 50k shares using one of these orders before the open, then the broker will basically try to match the volume and be selling portions of the 50k shares throughout the day. This is more typical in big cap stocks than in small caps - the risk for the broker is too high in small caps. At the end of the day, the final price will be known, and your 50k block will cross. Peter