Offfer
200 @ 389.5
140 @ 388
3900 @ 387
Bid
190 @ 386.
290 @ 385
200 @ 383.75
240 @ 382
The point being: What I perceived as reistance at 387. So I sold my position of 1k in two 500shs lots. I should have know when I got filled immediately on first sale that something was wrong. The 2nd lot was also hit as soon as I offered.
What I think in hindsight. There's a buyer of 35-40'000 shs who puts offers in to keep the rise in check (or reinforces 387 with say 2k shs), not letting it move by more than say 4% on a daily basis.
And I was dumb enough to fall for it.... :S
Maybe the lesson is: Unless someone is hitting decent size bids, and them not returning, then it's a good idea to sell. However to sell and not dent price or order book bid size is a bad thing.
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