Been out all afternoon so didn't see any of the activity. That big seller may be a capper trying to drive down to buy orders placed lower in depth or perhaps it's the person who's been selling lots of 500k over the last week? Whatever the case I'm with nudges in that it doesn't make sense, if you're a genuine seller, to choke rallies short but it happens all the time. If they want out they want out.
I wonder if they are a buyer but see a potential head and shoulders pattern here which, if they can tip it down, might trigger a wave of sells/stops for them to pick up at a significantly lower price. There is no doubt that big players manipulate orthodox chart patterns where ever they can because so many people use them.
NAD Price at posting:
$1.16 Sentiment: Hold Disclosure: Held
