Would $1,000,000 have bumped the stock by 25 points?
Friday volume was 2x average at 50 millions shares for a total of 25 billions. So that million was a drop in the bucket. Btw on friday at the low mutual funds and pension funds bought large volume of shares. They had there bid sitting there in case. That scare the hell out of the hedge funds, the brokers saw that then covered and the stock made a nice oversold V pattern.
Would $1,000,000 have bumped the stock by 25 points?
Friday volume was 2x average at 50 millions shares for a total of 25 billions. So that million was a drop in the bucket. Btw on friday at the low mutual funds and pension funds bought large volume of shares. They had there bid sitting there in case. That scare the hell out of the hedge funds, the brokers saw that then covered and the stock made a nice oversold V pattern.
AAPL has traded an average of 22,950,000 shares a day over the last 30 days (according to Google finance). 1,850 shares is not even a rounding error. ;-)
Comments
Quote:
Originally Posted by Tallest Skil
Would $1,000,000 have bumped the stock by 25 points?
Did you ever heard of avalanche?
Friday volume was 2x average at 50 millions shares for a total of 25 billions. So that million was a drop in the bucket. Btw on friday at the low mutual funds and pension funds bought large volume of shares. They had there bid sitting there in case. That scare the hell out of the hedge funds, the brokers saw that then covered and the stock made a nice oversold V pattern.
Originally Posted by Nathillien
Did you ever heard of avalanche?
Heard of yodeling. That's close.
Quote:
Originally Posted by dasanman69
They wouldn't know who purchased it. For most people $1M isn't a amount to sneeze at.
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Quote:
Originally Posted by Tallest Skil
Heard of yodeling. That's close.
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I heard yodeling can cause avalanches.
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Quote:
Originally Posted by herbapou
Would $1,000,000 have bumped the stock by 25 points?
Friday volume was 2x average at 50 millions shares for a total of 25 billions. So that million was a drop in the bucket. Btw on friday at the low mutual funds and pension funds bought large volume of shares. They had there bid sitting there in case. That scare the hell out of the hedge funds, the brokers saw that then covered and the stock made a nice oversold V pattern.
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Fascinating, but he did not buy on Friday.
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