Just who is the London whale? Read these two passages and make up your own mind
Share price will not advance until momentum
by oysterbeach1 • Dec 4, 2013 11:28 AM
& High Frequency traders decide to run with it, they have had plenty of opportunity to do so this week. ATM is probably still a factor, it appears they have been in here selling this week, big blocks at the ask. Any little move up, they throw shares at it, I guess at this price it is deemed favorable to sell.
There will be a HF/Momentum trader run soon, could even come this afternoon....The whole sector is ripe for a run, they are probably accumulating shares ahead of a run....Just an opinion...What few traders in here today are playing along with the market, as the Dow rallies, DRYS moves up just a little. Right now the Dow is falling, they throw up big blocks at the ask.
Very little risk to the downside, unless a big market correction. Even it this does happen, DRYS should hold up fairly well if the BDI does not tank, probably will continue to rally some. Less
londonwhale1 • Nov 7, 2013 9:36 AM Flag
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Sources say...Can't advance if HF & Moemntum
traders are not on the right side of the trade, they are on the left side. They have not fully exited out from the huge run. Sources say they are fairly close to unwinding their position, once they do, could advance a little, without these traders....But, they will be back for another run.....This stock is easy money for them, they move it at will.... Less