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Xerium Technologies Inc. Message Board

  • a_different_woman a_different_woman Mar 19, 2010 10:14 AM Flag

    BATS

    Watching the Level II, it looks to me like there is some manipulation to pull the price down. For the last 2 days, it appears to me that most of the "early day" trades are coming from BATS.

    Specifically, I'm seeing 100 share offer on BATS a penny above the highest bid, followed shortly by a trade at the bid as the ask vanishes. I suspect someone with a nice chunk of shares wants to load up at a much lower price. (I've been wondering why anyone with $79 on the line would jump ship NOW.)

    At this link enter XRM in the search box for the order book. This morning it looks like 100% of the trades are on/from BATS.

    http://batstrading.com/market_data/

    Sentiment won't guarantee a good result next week, but it sure is looking positive to me. I'm not letting this game cheat me out of my share.

    BTW I did a tiny 300 share add yesterday. That gives me a nice round number of shares in my tax protected accounts. For less than $250, I think I'll enjoy that extra $3/penny rise if things go well.

    The suspense is nearly over - I hope. Luck to all.
    ADW

 
XRM
6.32-0.03(-0.47%)May 31 4:02 PMEDT