We've all heard the old bromide, or variations that say..."volume tells the tale".
Well, with only 3,100 total shares reported trading hands on Wednesday...I don't think we could call it a "tale"....in fact I don't think 3,100 shares via just 11 trades would even qualify as a full sentence.
This is the lowest single day volume we've seen in 3 months, the next closest being Jan 19th when 4,367 was the reported number via 11 trades.
The incredibly light trading, even by RVX standards....it got me to thinking that maybe we'll see some activity after the Webcast on Friday afternoon EST. I often view light trading as an indication that a stock is "wound tight".....but RVX volumes are beyond tight. I can't help but think there must be a substantial number of shares that are held by investors/traders anxious to make a move....either in adding or in selling.
At this early stage I don't see much chance of a black swan reaction to the Webcast....although that's for the market to decide. If investors don't like what DM and MS have to say then they can vote with their shares.
Hopefully they've got something to offer up...an orphan indication or something. I might just count again the number of times DM uses variations of the words exciting and excitement.