Can some one explain to me how a share drops from 215 to 190 and in the same minute come back up really quickly?
The chart is shown below also i analsyed the trades around the time and no BIG trade had occured. I'm perplexed..an explanation will be really helpfull!



The trades are also shown:
Time Price Qty Type Bid Offer Buy/Sell Total Buy Total Sell
04/08/04 12:05 213.0 768 AT 200.0 213.0 Buy 410,087 537,925
--Trade at 190--
04/08/04 12:04 190.95 300 O 190.0 213.25 Sell 397,919 537,925
--
04/08/04 12:04 211.0 700 AT 190.0 213.0 Buy 398,619 537,925
04/08/04 12:03 214.5 5,110 AT 214.25 214.5 Buy 384,943 537,625
04/08/04 12:03 214.5 10,278 AT 214.25 214.5 Buy 395,221 537,625
04/08/04 12:03 214.5 1,348 AT 214.25 214.5 Buy 396,569 537,625
04/08/04 12:03 214.25 1,350 AT 214.0 214.25 Buy 397,919 537,625
04/08/04 12:03 213.25 1,432 AT 213.25 213.25 ? 397,919 537,625
04/08/04 11:53 215.0 8,462 AT 215.0 215.5 Sell 379,833 517,500
04/08/04 11:53 215.0 15,250 AT 215.0 215.5 Sell 379,833 532,750
04/08/04 11:53 215.0 1,288 AT 215.0 215.5 Sell 379,833 534,038 04/08/04 11:53 215.0 3,587 AT 215.0 215.5 Sell 379,833 537,625 04/08/04 11:52 214.5 5,503 AT 214.5 215.0 Sell 379,833 503,331 04/08/04 11:52 214.5 3,697 AT 214.25 215.0 Sell 379,833 507,028 04/08/04 11:52 214.5 2,010 AT 214.25 215.0 Sell 379,833 509,038 04/08/04 11:49 214.0 12,000 AT 214.0 214.25 Sell 373,033 497,793 04/08/04 11:49 214.25 6,800 AT 214.0 214.25 Buy 379,833 497,793 04/08/04 11:49 214.25 35 AT 214.25 215.0 Sell 379,833 497,828 04/08/04 11:39 214.25 2,700 AT 214.0 214.25 Buy 373,033 485,793 04/08/04 11:37 214.25 89 AT 214.0 214.25 Buy 368,044 485,793 04/08/04 11:37 214.25 2,289 AT 214.0 214.25 Buy 370,333 485,793 04/08/04 11:36 214.25 700 AT 214.25 214.5 Sell 367,955 473,793 04/08/04 11:36 214.25 2,843 AT 214.25 214.5 Sell 367,955 476,636 04/08/04 11:36 214.25 3,197 AT 214.25 214.5 Sell 367,955 479,833 04/08/04 11:36 214.25 5,960 AT 214.25 214.5 Sell 367,955 485,793 04/08/04 11:31 214.5 5,200 AT 214.5 216.0 Sell 367,955 458,844 04/08/04 11:31 214.5 77 AT 214.0 215.5 Sell 367,955 458,921 04/08/04 11:31 214.5 825 AT 214.0 215.5 Sell 367,955 459,746 04/08/04 11:31 214.0 12,000 AT 214.0 215.5 Sell 367,955 471,746 04/08/04 11:31 213.75 1,347 AT 214.0 215.5 Sell 367,955 473,093

Probably to do with veterans of direct access who occasionally find a stock price that can be manipulated wildly!

kanugaj

There was a very big gap in the order book, so it took only a few sells to cause the buy side to collapse.

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