Big Trade

Discussion in 'Trading' started by Sunfair, Feb 27, 2009.

  1. Sunfair

    Sunfair

    Could someone explain the trade in the middle below? (taken from yesterday's BAC trades).



    16:02 $ 5.30 200
    16:02 $ 5.30 400
    16:02 $ 5.30 400
    16:02 $ 5.29 1,000
    16:02 $ 5.5152 178,300
    16:02 $ 5.30 200
    16:02 $ 5.30 1,000
    16:02 $ 5.30 200
    16:02 $ 5.30 400

    Thanks.
     
    #1     Feb 27, 2009
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  2. l2tradr

    l2tradr

    Probably a cross-trade
     
    #2     Feb 27, 2009
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  3. showtime

    showtime

    without looking at the prices seems like it could be an order someone was having worked for them all day. then printed at the close.
     
    #3     Feb 27, 2009
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  4. Sunfair

    Sunfair

    Thanks for the replys. I notice this a lot when looking at afterhours trades and also occasionally in first few minutes of the market open and close. Sometimes (doesn't matter the time) a small trade of say 100 or so shares will be as much as 50% abive or below the market. Who would take the losing end of these trades?
     
    #4     Mar 1, 2009
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