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Corinthian Colleges Inc. Message Board

  • lastingpeace lastingpeace Dec 21, 2010 3:08 PM Flag

    clean up

    Today's retreat doesn't bother me. The big prints at the end of the day Friday was, most probably a broker moving a large seller's position - 'cleaning up a piece' of stock. Typically the firm finds a 2 or 3 'real' buyers - an institution adding to a position, or perhaps a buyer who was looking to initiate one - but wanted a decent size to make it worthwhile.

    And then there are the hanger-oners, hedge funds that know stocks usually move when overhead is taken out of the market. These buyers are looking for a quick pop to sell into.

    Which is what I guess is going on today.

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0.0679-0.0011(-1.59%)Jan 27 4:00 PMEST

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