Someone started dumping Lockheed Martin stock just before Trump's tweet

[+] chollida1|9 years ago|reply

I guess we could look at the data....

The largest reported trade is 669 shares, so if someone was "dumping" stock then they didn't do a great job.

The last trade before 8:26 was at 8:20:40 for $260.05 according to Bloomberg so the gap down the poster is showing I can't even reproduce.

Almost all trades at this time were odd lots this morning, so again if someone was dumping,they didn't do a great job.

Trading was even very sparse until 8:26 when Trump tweeted and then the market activity picked up, which is exactly what you'd expect wouldn't it?

Now, in favour of a conspiracy, early morning activity was much busier than the previous week, but still very small.

I'm now embarrassed for myself that I even spent time on this:(

I thnk the best thing you can take from this is a quote I saw from Jim Greco on Twitter:

https://twitter.com/jgreco/status/808310517752365056

> Trump is the ultimate case for diversification. You don't want to hold an individual stock when he tweets

EDIT I think what this guy is seeing isn't a trade at 8:25, but rather his charting software just joining two points, one at 8:20 and the next at 8:26 when trading starts around Trumps tweet.

[+] funtrader|9 years ago|reply

You are not going to see the correct volume for pre-market trades. I checked with my trading account and the poster is correct. The trades were before Trumps tweet.

[+] _doky|9 years ago|reply

To me, it looks like a bunch of people who don't know much about the market, jumped to conclusions.

A. It wasn't that large of a selloff B. There were many indications prior to the announcement that LHM would be taking a hit

[+] unknown|9 years ago|reply

[deleted]

[+] TYPE_FASTER|9 years ago|reply

Trump doesn't write all his tweets, a digital media company he hired publishes the majority of his social media content.

http://www.npr.org/2016/12/06/504520364/how-trump-waged-an-u...

Somebody there knew what the next tweet would be, and traded based on that info.

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