Re: cross trading?
in response to
by
posted on
Sep 15, 2010 01:08PM
Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
Emunki, I can't help but think these crosses do hold the pps where it is. Anonymous is especially guilty of this day in and day out if you look at the house positions for them. There are not to many days that go by when they don't show just about the same buy and sell volumes for them.
These crosses are done at a set price for both buy and sell so on a normal day if these trades were in the general market buying and selling they would be jousting for the best price at both ends thus causing more volatility in the share price than we have been seeing. Take the 1M shares Jennison has crossed recently what if that investor had to try and buy or sell those on the open market like the rest of us...IMO our share price would be moving much more than it is now in either direction.