More than Christmas Dinner Table Effect
posted on
Dec 26, 2014 01:20PM
Coming in today with such thin holiday trading volume a little boost in share price is to be expected. You can even expect many stock purchases being made after those Christmas dinner conversations where uncle Al hears about the latest stock tip.
But this seems different, sure we are up north of 30% on the day but this doesn't seem like Uncle Al's christmas card fund being invested. These are some really large blocks. Even saw two trades for 460K shares at .14 a piece. You need to have some conviction to drop nearly $65,000 on a penny stock in 1 trade let alone 2 in a under 10 minutes.
Santa came early this year, he dropped a nice package under the tree December 15th with our Markman ruling on the 108 and the gift keeps on giving and giving and.........