IXYS stock was driven up over the past few days, then between 10:05 and 10:32 AM EST, roughly 20K shares were sold at or near the high, probably short selling.
Algorithms have steadily driven the price lower, despite a recovery in the indexes, by keeping fairly large quantities (for this stock, 500 shares on the ask is a large quantity) from multiple MPIDs (Market Participants) and then selling 100 share blocks into the bid at fairly regular intervals.
Of course, having driven the stock down nearly 8%, wiping out any gains over the last week, they're now covering and accumulating for the next managed run.
Hi guys... Researching stocks see if they had potential Just wanted to give my two cents... All the reason "cool" gives for the stock performance is reasonable. The problem is there is nothing that directly ties a stocks performance 1:1 to reason. Stocks / markets are irrational by nature - we all know that, I guess.
I am a neutral here (neither long or short IXYS) and with a good feel for the technical landscape. IXYS looks (right now) to see $4,$3,$2 or $1 next year. The chart is as bearish is as gets! Sorry!!
The 5 year low made in late '08 at $4.56 is a logical downside target and it is IMHO that it breaks those lows and then some.
Watch the price in the coming months and understand that it is too simple to read the tea leaves here (if you know what to look for) and yet many will look for any reason to buy lower and lower and lower... Drip, drip, drip...
Here are SOME other stocks +99% of investors missed (yet the buy signs were obvious) when they started moving a few months back; REGN, RGR, INFI, CLSN, SRPT, ARNA, DYAX, SNTS, NTE, DDD, SHW, SIRI, PHM, V, CVI, CONN, PSX and TASR just to mention a few...
If YOU ever get tired of watching your stocks lose YOU money then consider :m:u:a:t:h:e: . :c:o:m: (without the colons).