Citigroup, Inc. Message Board
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Anyone see those huge Buy blocks?
not saying it means anything but..
1,045,000 on the ask at $3.07
Then two 500,000 right after-
That was the MM "replacing" his naked shorts after pushing the price down. Notice how a couple of huge blocks could be bought at the ask price one after another without pushing the price up? It's just manipulation. I am video screen capturing all of it. I have the trade by trade breaking it out how the MM is listing the trade and what exchange window, a stock monitor showing the friction factor and the comparison against BAC & AIG which are also heavily shorted (don't own them but it is interesting to watch how they move up and down at the same time as us - MM's working together), the BATS Level II and the live bids and asks from across the exchanges. Plan on tracking it for the next couple of weeks for the foundation of a white paper depending on how much manipulation plays in. It's one thing to complain, it's a different ball game when you figure out the key questions you need to ask backed by documentation. It's one thing to complain to the SEC again a different ball game when you send out your questions and findings to everyone that has anything to do with the economy or wall street....
- 1 Reply to kurleycc
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Hughs buys but no upward moving in price just plain manipulation.
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As long as C stays on the Dow Jones, funds have to buy it.
- 1 Reply to hanste74
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Big buyers don't normally buy in big blocks. They buy in small blocks over hours or days to end up with an average price and not get hit with the highs of the day or have the price manipulated on them.
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