Between 16.00.15 and 16.12.30 today 5,736,900 shares of GFI traded between $10.85 and $10.83. Where could all those shares come from and why didn't the price move ??
On nasdaq page I can only see some smaller trades and one block trade of 154,900.Where do you see 5,736,900?Regardsonassisfs
I watched the trades on Scottrade live after the close. Now this volume will not show up on the Yahoo chart.
Only 185,000 in block tradeshttp://quotes.nasdaq.com/quote.dll?page=afterhours&mode=frameset&symbol=GFI&selected=GFI
the trades were 19,500 19,200 153,600 96,000 929,400 619,600 464,700 619,600 309,800 2,323,500
The specialist unbuttoned his shirt after the close and all the shares fell out and into the GS coffer.
...i would think that there was a big seller that needed to sell....so...the specialist was more than happy to let the stock drift down in the final hour, and BUY the 5M share block at 10.84this is good for us to know, cuz we can feel comfortable regarding where the specialist is willing to invest $57,000,000+