Whaler,
The reference I made about ISM’s run-up was in response to Goldmember claim that “Massive Bids” are building. I think I made it quite clear it was referring to last week’s small run-up by ISM and not the run-up in June you posted I said it was attributable to.
.
Here is copy of my post dated July 22, 2009
Goldmember,
Where do you see the massive bids building?
Yesterdays run was due to ISM (Penson) buying 25% of the days shares. Nothing more.
Here is a list of the recent bids. Investors look like they are still waiting for the imminent Trio of Reports before you will ever see massive buying or massive selling.
13,000 @ .79
2,000 @ .78
1,ooo @ .77
5,500 @ . 76
31,000 @ .75
7000 @ .74
5,000 @ .73
4,500 @ .72
4,500 @ .70
3,000 @ .69
12,000 @ .65
3,000 @ .64
4,000 @ .62
4,000 @ .61
2,000 @ .60
4,000 @ .58
Not exactly what most would call Massive Bids Building!