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Datalink Corporation Message Board

  • cool_scirocco cool_scirocco Jan 12, 2012 12:56 PM Flag

    Interesting 9700 share block now on bid

    It may mean nothing, but at 12:50PM EST, an offer to buy 9700 @ $8.70 appeared on the bid using the UBSS MPID (UBS Securities). Haven't seen a bid over 3500 shares in awhile.

    Could be a computer playing games, someone trying to build a position, or short covering.

    Let's see if shares are dumped into it, it creates a resistance point, or if the price moves higher, it moves up as well.

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    • Many, many 100 share sells, plus a few 1K+ sells over the last 90 minutes took out the 9700 share order on the bid..

      Interestingly, though the bid/ask has been $8.69/$8.71 for the past five minutes, there have been about twenty 100 share trades at $8.70.

      IMO, we're seeing some controlled accumulation.

      Of course, I've been wrong before, and I'll be wrong again, so take this with a grain of salt.

 
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