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Just before the close of auction a buyer posted a buy for 176K...

  1. pjf
    2,218 Posts.
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    Just before the close of auction a buyer posted a buy for 176K at $1.15, which slightly exceeded the total of sellers at $1.15 and below.

    Just after that another seller came on at $1.15 for 100K. He sold 19,874 and left the residual sell of 80,126 at $1.15.

    My guess is the buyer who has been consuming the sellers at $1.10 all afternoon needed another 176K and was prepared to pay up to $1.15 for them.
 
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