This morning when I pulled up my charting program, I noticed on the Raw Data feed/Time & Sales window for TNA that a serious amount of volume transacted between 4:01 pm and 6:27pm. Exponentially more volume than I've seen on the raw data feed for TNA since I've been monitoring it (3 months).
There were 410 trades of 22,295,253 shares equaling 9.141 billion shares of TNA. Dollar value of same is over $515 Billion! With 410 trades, it is difficult to quickly pin down the average share price... I used $57.80 after glancing at the entire transaction.
That is some SERIOUS weight... I wonder what that means for the market overall? Clearly a big player thinks we are at a turning point and is putting money where their mouth is. Remember that TNA is a 3x mover, so with that 300% multiplier effect coupled with half a trillion dollars... Need I write any more?
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