re: Ann: Second Central Delivery Point at W T...
OK been at the pub so waffelling on a tad - but look at the candle 12/8/10 - looks like a blind freddy raid on the stop loss price point by broker/s.
Dont have access to course of sales for that day but a logical stop for anything bought on or after 2/8/10 would be .51 cents. Again - I dont have access to the course of sales for that day but I suspect the dip occurred over a fairly short period of time minutes to say half hour
Have seen the brokers raid those stops many times in the past on illiquid stox. Not enough shares on offer so they just keep feedin out habdfulls lower and lower until the hit the stops raid the stops - and have buy orders ready to go.
Rather than getting stuck selling when they raid the stops I tend to run trailing buys on illiquid stox so when they do it I end up buying due to thier efforts. Sometimes it works out sometimes not
RFE Price at posting:
57.0¢ Sentiment: ST Buy Disclosure: Held
