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Breitburn Energy Partners L.P. Message Board

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  • nosweat82 nosweat82 Dec 13, 2010 3:44 PM Flag

    Seems someones keep hitting the sale button

    Your observation is correct. There is a consistent pattern of distribution which shows up in a one-minute candles chart. As can be shown in an “On-BalanceVolume” analysis, the selling volume picks up with demand and drops off when buying ebbs. This has been going on for quite a few months and takes place when there is an increase in demand for the stock. Likewise when there is little activity (few buyers or sellers) there seems to be relatively small orders placed which moves the stock price up $.10 - $.16 on only a few hundred shares, restoring the price for later high volume sells. There are also instances where there are large amounts (for BBEP) traded with little or no movement in price (8,000 to 12,000 shares in a minute). I believe this is when a large buy order comes in and is met with an equal volume of stock being offered for sale which doesn’t move the price. All this points to someone wanting to sell a large amount of stock without cratering the price and takes consistent effort and patience over a long period of time to accomplish due to BBEP’s low daily volume (around 250,000 shares) and small float which I estimate to be around 3.2 million shares. It also takes “market-maker type” access to the market to do this. Something the average trader, like you or me, doesn’t have.

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BBEP
21.87+0.17(+0.78%)Sep 16 4:15 PMEDT

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