In this instance I hate being right, it was always going to be a prop, if big boys want 5 million shares they do not place a buy and sit in line waiting to be slowly sold into over days.
One reason and that was to give a aura of a safe bet and fomo,all of a sudden everyone is excited scrambling to join the buy line because if somebody wants to buy 5million its a sure thing right?? Then bam bye bye 5 million and followed by a big sell.
SXY Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held