posted
Getting some UHV this AM. lots of big block trades going through. Don't know anything about them just notices the UHV and big block trades at the ask May be the start of something.
Posts: 410 | Registered: Jan 2006
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GLBT closed with 22,018,623 shares of volume. Five minutes after the bell, another 48 million shares moved, apparently at the .0003 ask.
This stock moves large lots after hours, at the ask, pretty often, but the after-hours volume is usually less than 50% of the in-day volume.
Maybe whoever is moving stock after the bell is getting bolder as some development approaches.
And the after-hours volume always shows later as in-day volume. After all, pink sheets don't trade after the bell, right?
Posts: 38 | Registered: Oct 2005
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Yahoo! does not show the trades as after-hours volume. But it DOES show these trades (as volume). Yahoo! lists the volume for the day at over 70 million.
Every quote site I go to (MSNBC, CNN, pinksheets and others) shows the GLBT had volume of 70 million for today. And they all showed 22 million as the volume up to 4:00 p.m (taking into account the 15 minute delay for the sites I checked that are not real-time; my real-time Power E*Trade, for example, showed 22 million right up to 4:05 p.m., while delayed sites showed 22 million for a while after 4:00 p.m., with the site quotes indicating that the quotes were 'as of' up to 4:00 p.m.).
Now, MSNBC and CNN both show 48 million after-hours volume AS WELL AS 70 million total volume. This is confusing; however, it is consistent with stocks on other exchanges. For example GOOG shows after-hours volume on both MSNBC and CNN, and that volume is included in their volume quote for the whole day.
Anyway, I agree, pinks aren't supposed to trade after hours, but it keeps happenging in this stock. Typically, when it occurs, something less than 50% of the daily volume goes off after hours, and at the ask.
However, I am no longer sure what price today's after-hours volume went for. I thought it was at .0003, but MSNBC and CNN show that the last after-hours trade was at .0002. I am sure that the after-hours volume in this stock usually goes off at the ask because I always check what MSNBC and CNN say about the price after their typical 15 minute delay; this time it appeared to go off at the bid.
Posts: 38 | Registered: Oct 2005
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posted
indeed, crazy off hour trading. microcaptrade doesnt show it, (only at 22mill), but everything else shows it at 70mill. something is going on here. 7 of 9, what do you make of this and why?
Posts: 59 | From: NJ | Registered: Feb 2006
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posted
after hours trading is a mm scam and just more shaking
they try to scare longs into selling and it works
dont you understand that they dont want to do the trades during normal hours, when they have to trade with us? they know there are huge buy orders which they dont want to fill.
mms organize these scams over the phone. they trade w each other.
Posts: 726 | From: Delta Quadrant, Borg Cube 01 | Registered: Dec 2005
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posted
7 of 9, do you have any proof that this happens, and that this is what is currently happening with Globalnet?
I don't mean to be combative, but there are plenty of people like yourself on these boards who take an air of superior knowledge and make exclamations like yours that purport to know how the market makers operate, not just in their stated capacity but in their own interests. Yet no one ever offers any proof.
Don't get me wrong; I actually think your description is right on the money. And actually, I think that most of the extra-hours action over the last months in this stock has been to disguise extensive accumulation, although that seems to have dried up now.
But I would like to see some proof for once.
Posts: 38 | Registered: Oct 2005
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posted
Vol. hit over 1 billion, highest in this company's history. I dont get it though, they released and 8-K just before close, there were crazy aftermarket buys... but the 8-K wasnt impressive. Hmmm, something might happen though...
Posts: 59 | From: NJ | Registered: Feb 2006
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posted
I don't know what to think of this one. Major dumping early then it looked like major buying later. The 8k wasn't good at all IMO.
Posts: 410 | Registered: Jan 2006
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May be the start of something.
