re: Ann: UPDATED TRANSIT RECEIVES STATE APPRO...
pcyc: "Another 100,000 and 150,000 shares to buy, last night it was 100,000 shares to sell when the shares were pushed down.
I'm always suspicious of large parcel waiting there.
Ask yourself, for a small market cap stock, if I'd like to accummulate I'd rather buy in small parcel to avoid ppl jumping in front of the queue and push the price up."
yes pcyc, I was about to say the same as you are. I m very nice surprise that we have the same thinking :).
As 100,000 offer yesterday, I did not see any size-able offer like this for a while in TRH. For sure when it was offer, any bids(or attempted) close to that would back out as they did, put the price lower, created a downstream. They accumulated with much lower price.
Today 100,000 and 150,000 bids could be from same guy(again, we rarely see any size-able parcels like this). He put in 67 when it was upstream to support it (mean another thing to me that he finished his accumulation). And when the price came back to 67.5, he withdrew 150,000 and 100,000 bids minutes later.
So it was someone with size-able pocket wanted and DID get in, not out.
TRH Price at posting:
67.5¢ Sentiment: LT Buy Disclosure: Held
