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Under Armour, Inc. Message Board

  • bearofbleecker bearofbleecker Feb 6, 2007 12:04 PM Flag

    Here's what I mean by phony trading:

    3500 shares are offered @ 46.20 and quickly snapped up as the stock trends down. Shortly thereafter, 300 and 200 share lots are offered at the same price and spurned. Now if you really wanted to accumulate shares and saw a large lot offered @ 46.20 as the stock was headed down, you would obviously wait for a lower price. They will probably try to hold it @ 46, which could prove expensive for them. If they can't, I think it will go straight back to 45.

77.010.00(0.00%)Feb 27 4:03 PMEST

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