i am asking the following question
since there was obvious demand for someone to pay over ten dollars for the blue ridge shares
why then were the funds that need to acquire shares today for the russell able to get millions of shares for only nine dollars and change? and where did they come from? thin air.
"there was a buyer of a large lot over ten dollars a share after earnings" -
Well, that depends what way you look at it, as far as who the buyer was ... what if the buyer WAS the market maker, one of them, or several of them, adding inventory in anticipation of this?
This is my theory ... can go into more detail. This would explain why we haven't seen a form 4 filed with the SEC for the large block owner.
"pre-arranged???? sounds fishy." - not fishy at all ... institutions are able to issue buy and sell signals - levels of interest.
And if you look at it, someone - presumably the market maker(s), have been accumulating inventory, possibly from short sellers as well trying to drive the price down, for the past two+ days - only to unload them at $9.36, or whatever today's closing price was/would've been.
that does not sound legit at all
when million share buy orders come in and there are no shares available to fill them the orders would simply not be filled and they would have to wait to buy them when shares are made available for sale presumably at a much higher price
there was a buyer of a large lot over ten dollars a share after earnings
and several funds were still able to get shares today at almost a dollar less per share ???
pre-arranged???? sounds fishy.
Try to understand.
These are ALL pre-negotiated transactions. ALL of these funds that needed to add shares to track the Russell would get them at the OFFICIAL CLOSING PRICE. Once that was determined ($9.36), it was only a matter of the market close coming to determine HOW MANY SHARES these institutions HAD to ACCUMULATE(once ALL CLOSING prices were determined for all deletions/additions to the index, etc., combined with the closing price would determine the market caps of each stock in the index).
NONE OF THESE transactions ACTUALLY occurred at those - the funds KNEW they would need them, knew they would get them - just at matter of determining HOW MANY, then saying "Hey, I need 400k)
That's really all their is to it - the other transactions after hours away from the price of apx. $9.36 are the Joe Schmoes like you and me that were trading a/h.
See what I'm saying?
SOME OF THE BIG DOGS
Major Direct Holders
MORGAN STANLEY 4,071,231
OZ MANAGEMENT, L.L.C. 3,333,333
SOROS FUND MANAGEMENT LLC 2,416,667
Magnetar Financial LLC 2,070,176
OMEGA ADVISORS INC. 2,032,100
TUDOR INVESTMENT CORPORATION 9,333,334
TOP MUTUAL FUND HOLDERS
MORGAN STANLEY INST FD INC-SMALL COMPANY GROWTH PORT 2,075,013
FIDELITY NEW MILLENNIUM FUND 410,000
VARIABLE INSURANCE PRODUCTS FD III-GROWTH & INCOME PORT 398,750
FIDELITY ADVISOR GROWTH & INCOME FUND 384,300
HARTFORD SMALL COMPANY HLS FUND, INC. 252,000
FIDELITY STOCK SELECTOR 213,800
JP MORGAN SMALL CAP GROWTH FUND 212,150
HARTFORD SMALL COMPANY FUND 141,000
MORGAN STANLEY SPECIAL GROWTH FUND 113,878
Hartford Capital Appreciation II Fund 89,000
as of 4:20 the last trade of the day was showing as the 1.8 million share block.....bringing the days total to 2.7 million shares.... so when did the other million share block execute prior to after hours ??? something does not add up.
and once again WHY THE STEALTH?
AND how is it that millions of shares can just fly with barely no price movement??
something seems very UNUSUAL to say the least.