Who's doing the large block, selling???
posted on
Apr 16, 2009 09:25AM
I think it's obvious that the buyers are a couple of funds, (definitely more than one). ----Before when there was just one fund on the prowl, the s/p stayed within a small couple of pennies per session, but there's competition and large block purchases are the results.---The question in my mind is, "who's doing the large block sells?"----I doubt very much that there are that many holders of over 100,000 shares per, yet we continue to see mass selling after the same kind of buyers.---At first I wrote it off to day traders, but since we didn't see a sell-off near the end of yesterdays' session, I have to throw out the trading end of the sell side.----Any I'm still wondering if it could be the fund that holds the 40 million plus shares.----CHEERS!!!