the 50,000 was traded on a different exchange.
also here is what jim sinclair says about what used to be called "painting the tape". this comment of his is related to what is occuring far to often in various mining shares markets.
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Posted On: Monday, September 17, 2007, 6:56:00 PM EST
After Market Close Small Volume Transactions Do Not Properly Represent Close
Author: Jim Sinclair
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Dear CIGAs,
There is a new trick on the trading block. Now in order to benefit the short side of a situation, a small amount of shares are traded after the close, in some cases BELOW the range of the entire trading day. This tends to skew charts, certainly candlesticks which are quite sensitive to open and close direction. It also speaks of desperation as it is a child's game that depends on trades generally ranging from $1000 to $10,000, which in markets is really nothing.
In order to know the close on any situation which is on a listed exchange, look at the close on the exchange where it was traded.
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we might ask ourselves is this what is occuring with the quotes?
do your homework, and you will understand what you are looking at.
be right and sit tight.
regards,
jeff