Chunky Buying

[jiminsidz]

What do the trading pros make of all the big, but odd quantity chunks moving today.  Never a round number; instead 1900, 2900, 3900, 5900 etc.

[TxPm]

Huge 50,000 share trade that went through 2 minutes before the close

[Tusker]

Huge 50,000 share trade that went through 2 minutes before the close

Yes... I saw that.  I was just sitting there, minding my own business and zoom... in a New York Second the price jumped.

I get the idea now!!!!

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Cheers

[davidhmtk]

11:10  75,000  @75.10 (about .50 above ask)

I think the market-maker kept the price under 75 while accumulating then sold out of his book.

11:31 18,900 twice, @ 75.08 ask. Someone accumulating.

[ellerslick]

11:10  75,000  @75.10 (about .50 above ask)

I think the market-maker kept the price under 75 while accumulating then sold out of his book. 11:31 18,900 twice, @ 75.08 ask. Someone accumulating.

Trans, Tarules, or anyone,

What is with all the spikey daily swings. Stock is swinging .60 to a buck on low and high volume.  Thanks.

[trans]

Lib is quite familiar with the daily spikes on some volume. This is usually the shorts working the stock, dropping a small block on the mkt and trying to sell it down from there. Usually its almost like a signal. But lately they can't hold it or work it down. It's a tug of war with stealth and size buyers accumulating. I felt last week we would start seeing long players entering the scene and offsetting the short activity. I think that's what is starting to go on. It also raises a question as to whether the stock has much downside at all. I am starting to feel more confident that IOC is not going to go down much from here, if at all. Decent amount of resistance in the 75-79 area, but not a whole lot from 80-99. I can't rule out a 5-6 point reaction somewhere here, but mostly see the stock moving into the 80's in the next week or so. Good consistent accumulation...hope this helps

[trans]

IMO, even tho the stock is lower this am so far, the intra day charts would suggest a buyer is picking up stock. I also feel the volume is too light for 1.5 hrs in a weak overall market. Overall market is somewhat vulnerable here, but my short term strength ratings are jumping , indicating further downside may produce a short term buy trading signal. That 71.80 low may be a decent one. fwiw trans

[sageo]

IMO, even tho the stock is lower this am so far, the intra day charts would suggest a buyer is picking up stock. I also feel the volume is too light for 1.5 hrs in a weak overall market. Overall market is somewhat vulnerable here, but my short term strength ratings are jumping , indicating further downside may produce a short term buy trading signal. That 71.80 low may be a decent one. fwiw trans

Trans- With these weekly options expiring each Thursday, do you think they will force a close today below 72.50 ?? ( Or lower ?) . TIA

[trans]

I believe they are a weekly influence on price behavior. So yes, I would say they have some infuence here today. Likely the same shorts we're dealing with. they put on 3 series of weekly puts til today ,mostly below the mkt

[kkozkkoz]

IMO, even tho the stock is lower this am so far, the intra day charts would suggest a buyer is picking up stock. I also feel the volume is too light for 1.5 hrs in a weak overall market. Overall market is somewhat vulnerable here, but my short term strength ratings are jumping , indicating further downside may produce a short term buy trading signal. That 71.80 low may be a decent one. fwiw trans

Trans- With these weekly options expiring each Thursday, do you think they will force a close today below 72.50 ?? ( Or lower ?) . TIA

The weekly options actually expire on Friday.  Normal monthly options close on Saturday.