Dell, I can't be sure, but it was positioned perfectly and the right amount. The decline from the 7 level was immediate and well timed in the position of the day. Also I note the amount was 900K which was at one point joined by a second seller for 100K to bring it to a psychological million and further erode the price to sub 6. I also noted the buyers of options at 2.9 and 3.0 before close, around 500K along with the stock snapped up at 2.7. My feeling is that the options were also the target.
Tomorrow we will know for sure but a march back to 7+ is almost a given. We only have to look at TAM for evidence that the price CAN hold this level.
Long winded reply but the depth is a giveaway!
Looking forward to tomorrow. The only negative is that the futures are against us.
iPod
INVESTIGATOR
large buying now - volume triple highest ever, page-21
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