First rule of Fight Club

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In the corner with Chuck Palahniuk and Werner Heisenberg

The first rule of Fight Club is: You do not talk about Fight Club.
The second rule of Fight Club is: You do not talk about Fight Club.
— Tyler Durden in Fight Club

This posting is the Fourth in a series of trading peculiarities observed during the period of the last weeks of August of 2013 (go here for the third posting, here for the second posting, and here for the first posting.)

Late yesterday, August 29th, 2013, I published a brief posting (here,) containing a Level II image for MNDO, a NASDAQ traded equity for Mind CTI Ltd., an Israeli company that I have written about at length in the past (for a recent posting about Mind CTI Ltd., go here.)

Generally, the image showed a buffering of MNDO by a BID for 47,700 shares at a price of $1.68 per share. Noting that this buffer, or something very similar, had been in place for days, I wrote:

A persistent BID block of a fixed and significant size can, of course, mean anything or nothing. Regardless of its meaning, however such BID block does create a tentative Browder Life Safety Net, which can help solidify buy decisions.

Over night and in the early morning the posting had several hits, some of which were from Israel, but most of which were from the United States, and when I spot-checked MNDO on Level II at noon today, the buffering block was …. wait for it… gone.

Moreover, with the buffer gone the per share BID price had dropped below $1.68 to $1.66:

MNDO - August 30 2013

So, I wonder, was this Heisenberg’s Uncertainty Principle (\sigma_{x}\sigma_{p} \geq \frac{\hbar}{2}) at work? Perhaps I should have taken a clue from Tyler Durden.

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