Josh Greene's  Instablog

Josh Greene
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Online marketing guru. Occasional investor. I've worked in online marketing for the last decade plus. I've spoken at a number of conferences, and pay attention to the public companies in the space. I usually focus on very small cap stocks that are unloved by the street.
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Josh Greene
  • MARK: Trading Yesterday Signals Upward Move 0 comments
    Jun 26, 2012 8:14 AM | about stocks: MARK

    Interesting trading near the close in Remark Media (NASDAQ:MARK) yesterday. The last 7K shares that were bought were mainly bought at the ask, 100 shares at the time.

    Watching in real time, as at least three sell orders of about 1-3K shares were chipped away at, you got the impression some sort of computer was buying 100 shares, waiting a minute to see if anyone wanted to sell some, buying another 100, watching the number of shares on the ask dwindle and buying more. Right near the close, whoever it was then bought about 3K at the ask.

    Given there had been selling pressure for the last few weeks, either someone is closing out shorts or more likely, trying to pick up a position before the acquisition of BNNX closes. Should be fascinating to watch the trading today.

    Disclosure: I am long MARK.

    Stocks: MARK
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