Wed, Apr 16, 2014, 2:58 AM EDT - U.S. Markets open in 6 hrs 32 mins

Recent

% | $
Quotes you view appear here for quick access.

Arena Pharmaceuticals, Inc. Message Board

  • indianabraden indianabraden Mar 1, 2013 4:09 PM Flag

    HFT program and/or MM - There's a sense of desperation to take shares from retailers who can't help themselves

     

    It is blatant and it is desperate. Monday is an important day and the imminent news is pro-longs. The MM knows this and is planning on making immense amounts of money selling the shares MUCH HIGHER. As long as retailers chase the BID-ASK down to sell, they win intraday and there's no price movement. The MM is setting up large lots on the ASK in hopes retailers front run it to the BID side which is, ONCE AGAIN, the MM accumulating for themselves and for institutions. Players are in place here. As long as there isn't new buying pressure, they can knock it back at will with the HFT programs. The resistance at $8.36 was manufactured by the MM, but the irony is they didn't have to do the selling. Retailers pile onto the ASK out of fear and take out the BID and do the work for them (and if they don't , the HFT does it). Looking forward to next week. Have a good weekend.

    Sentiment: Strong Buy

    This topic is deleted.
 
ARNA
6.35+0.20(+3.25%)Apr 15 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.