Re: Teddybear and Glorieux + Who Is Buying?
in response to
by
posted on
Apr 18, 2011 07:25PM
Thanks for the comments George. I agree with you that something here is just not normal in terms of chart behavior but you cannot argue with this much volume. In your assessment, you forgot to include Alpha which traded 30M shares or 50M dollars worth. That is 70M shares when our share float that can trade now is about 120M. How can a stock not go up with that kind of pressure. I know that alot of those shares are flippers and that volume is inflatted but even then, this volume is way, way over the top. If we get that much volume tomorrow, my bet is we hit $3+. This thing is going viral and at some point, profits need to be taken as valuations here are hard to figure out as I posted earlier.
The best best for those who can read charts is to stay close to the action...
Glorieux