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