Q: How do big block trades work?
You mentioned yesterday LSPD's SP dropped almost 6% likely due to a 3 million share+ block trade, while Friday's total volume traded was only 1.3 million shares. If so, can we expect another sell down on Monday until that 3 million share+ block is totally "consumed"? It seems the large portfolio managers are manipulating SPs, at the expense of the retails, to get their privately negotiated deals done (by suppressing SP to the deal's level). Where is the regulatory agency's protection for all investors in this regard. My "paper loss" was about 17% on LSPD from yesterday. Please help me in understanding this process better. Just frustrated. Thanks.
You mentioned yesterday LSPD's SP dropped almost 6% likely due to a 3 million share+ block trade, while Friday's total volume traded was only 1.3 million shares. If so, can we expect another sell down on Monday until that 3 million share+ block is totally "consumed"? It seems the large portfolio managers are manipulating SPs, at the expense of the retails, to get their privately negotiated deals done (by suppressing SP to the deal's level). Where is the regulatory agency's protection for all investors in this regard. My "paper loss" was about 17% on LSPD from yesterday. Please help me in understanding this process better. Just frustrated. Thanks.