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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: Lucky888 who wrote (29170)4/12/1999 3:05:00 AM
From: global  Read Replies (1) | Respond to of 122087
 
I am long WLDI. The buying on this stock over the last week appears to me to be a single buyer buying in 5, 10 and 25k blocks. Size of the blocks has not diminished with the price rise. 90% buying...tiny selling. Very high volume, on no major news announcements. The buyer has acquired appx 2.5 million dollars worth, and on price drops of 1/2 point, just begins buying again. The buyer appears to be a pro to me...very quiet...methodical...deep pockets. Several MMs have gone on the bid in order to reload this low float stock,but there have been very few sellers, and on thursday, after hours trading exceeded 120k shares...seemed to me to be MMs buying/trading with each other to reload. So, since you are thinking of shorting, you might want to wait till this buyer gets done...just my two cents.

best of luck to you