What was late Friday all about? We'll probably never know.....
posted on
Apr 07, 2019 11:43PM
After tossing it over in my mind over the weekend, not obsessing mind you just thinking, I've some thoughts to share on all the trading that took place in the last 15 minutes or so of Friday's trading.
I'm curious to see what happens Monday morning....wondering if we will get some news. If we do, then it could provide some clarity about the flurry of trading that took place....by my reckoing about two thirds of the day's trading took place in that last 15 minute window.
If we get good news, then my opinion will lean towards thinking that Friday was a last ditch attempt at a shake out and, as has been mentioned by others, maybe the taking out of some stop-loss orders.
If we get bad news, then I'll wonder whether someone or someones had some foreknowledge, and decided to get rid of 25K+ shares before the closing bell rang.
If we get no news? To me that seems the most likely thing to happen....no swans either black or white landing in Resverlogix's pond. That will lead to to more head scratching, escpecially if Friday's late day volatility continues.