Citigroup, Inc. Message Board
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single 50 Million share trade!
anyone see that 50 million share trade at 1:58 CST at $4.2511? Wonder who is selling? and who is buying?
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Options Expiration coming up... What do you think those shares were bought to cover?
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there was another 50m+ trade at 930am as well @$4.26
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but the real question is: Who's buying?
- 3 Replies to mc1069758
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It went through slightly above the bid, maybe the MM had been accumulating shares for the buyer. We all know the MM can scare up sellers any time he wants with them ghost shares of his, sellers are much quicker to exit than buyers are to enter.
Like yesterday, easy 9% down, today, struggle to gain 3% -
the sale went across at 4.23-4.26 and could have been absorbed by the MM. he'll push it right back out the door b4 the eod.
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Somethings wrong, if someone just dumped 50 million shares on market order, this would have tanked all the way down to 4.10. Granted it has 1 billion volume, but 50 million would be 5% of total volume in a few seconds? Doesn't add up.
- 1 Reply to nvram01
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Maybe it was a private deal...
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And the price didn't go up or down because of that. Absolute manipulation.
- 1 Reply to quntan
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It was an accumulated order to sell these shares and it sold for $4.25 per share.
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hi!....youre on ignore
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yes, and it's another reason to be concerned.
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