T10,
I hope you had a nice soup.
I'm curious to get your assessment of the relevance of the following sequence of trades....
Time Price Qty Value Interval
13:29:17 $0.150 1,000 $150.00 1:19
13:27:58 $0.150 1,000 $150.00 1:20
13:26:38 $0.150 1,500 $225.00 1:18
13:25:20 $0.150 1,500 $225.00 1:17
13:24:03 $0.150 2,000 $300.00 1:17
13:22:44 $0.150 2,500 $375.00 1:19
13:21:25 $0.150 3,000 $450.00 1:19
13:20:06 $0.150 4,000 $600.00 2:38
13:17:28 $0.150 6,500 $975.00
These trades were all small sells into a bid of 250k placed shortly after 1pm. 227k remains of the 250k.
So far, no other trades have taken place since this sequence. (1 trade just through at 1:51)
I have my own theories but I'd be interested to get your view. What is the point of these trades? (There must be a reason) Is it, in your opinion, associated with the earlier block at 15.5c? (which is still there btw).
As I'm sure you know, this pattern of trades has been a regular CVI feature for the past few months. I'm not convinced it is just small players having a play (happy to be proven wrong though).
Cheers,
M.
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