What is a Form-T trade?

[TonyM]

I noticed some unusual after hours trades where 4900 shares were listed as an avg price trade condition ( .35 higher than the close), then 17000 listed as a form T trade and then another 17000 listed as avg price again. Anybody know what the heck to make of that? Those three successive transactions are a significant amount, since the volume for the regular trading day was 229100

[stck8ter]

form t means pre-market or after hours trade.

[Svenwulf]

thanks stck8er.

i think a big fish is making some waves in your pond tony, but i have no idea which direction since i dont know the circumstance.

the first trans, to me, appears to be the mm settling for the day- this can take up to 20 mins, and the .35 increase reflects where the mm needs to take the share price to balance for the day. i believe the next 2 are actually one trans- one for each party to the trans.

i am assuming you can tell that the 17000 was indeed a single block (time and sales) it could be a decent sized player reseting a short or long (getting close to tax sale season) or some agreement between 2 players. i am always skeptical of large ah blocks, but they are seldom as nefarious as i imagine. in fact, insider buying/selling in ah is quite common, to avoid severe market disruption.

all just my opinions, and please keep us informed to how the situation develops. every chance to learn is a chance to profit later.

[TonyM]

Thanks to you both for the explanation (hard to beleive Google didn't turn it up in the first three returned pages)

Well, I don't know if it means anything or not, but I believe that by watching ah/pm trades you can sometimes spot something coming. I made a nice day trade on HES in August doing this)

This situation gets more wierd; Nasdaq's site shows 2 trades (DK) 1 @ $18.2537 for 17000 shares and the last one @ $17.9483 for 100 shares. However they also list the ah high @$18.56, the low @ $17.73 and a volume of 212000. How is that possible?

[TonyM]

As an update to my last question, I see that Nasdaq has corrected their numbers to coincide with what I saw come through on T&S. I wish the dope that screwed it up would go to work on one of the exchanges during regular hours :wink: