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What the heck happend at 1:30 PM today?
There's no news, but CNXS dropped 8% in a moment.
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No. of Recommendations: 0
What the heck happend at 1:30 PM today?
There's no news, but CNXS dropped 8% in a moment.


There was a volume spike that accompanied the drop. This tells me only that someone who had a lot of shares wanted out, and since this is a relatively thinly traded stock, this seller had to accept a lower price in order to sell the large number of shares that he/she wanted to sell.

Why did this seller decide to sell? Who knows.

But this would appear to me to be nothing more than the normal volatility that one would expect with a stock that is relatively thinly traded, as this one is.

Regards,

Eldrehad
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Hmmmnnn... I had an order in to buy at 11.25. That order hit precisely at 1:30!

I guess I was part of the problem -- a *small* part, though. Sorry 'bout that (hey, I'm happy though!).

A----
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