Stock question. Technical analysis. Can someone please explain the meaning of MER 5min chart for July 29 2008?

Question

Its avg daily vol is about 53M. Today's vol is 293M. Who is buying that many additional shares. How much money are we talking about here in order to buy that many shares? Please explain. Thanks much.

Answer 1

Looks like in ten minutes this morning, most of 18M shares were sold.  Somebody dumped a lot of stock in a hurry.  Then, the bargain hunters came in and the stock recovered over the rest of the day.  Ended up, in fact.  But MER is one of the stocks in the news lately, on the hot seat, in the cross hairs.  All the big financials are jittery.  Just a suggestion -- don't hold any positions in these stocks over a weekend.  If you haven't noticed, the FDIC announces bank seizures after the close on Friday.  Right now, its nice to be heavy in cash over the weekend.

Answer 2

I think you should learn some more information about insider trading and dark pools in stock markets. It is very dangerous to invest in stock markets, particularly in Hong Kong. It is the international capital scams of stock market and real estate transactions.Sometimes they are trading the liquidated shares in the market, too.

http://www.google.com.hk/search?complete...