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Alcatel-Lucent Message Board

  • mlmexpert2001 mlmexpert2001 May 8, 2013 11:37 AM Flag


    That is what we are seeing

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    • Where do you see that? Yesterday 20M shares (huge), today probably 12M shares. That is only 1.5% of the float, any accumulation doesn't explain this big run up. Between 3/19 and 3/25, over 101M shares where traded, approx. 4.5% of the float, the stock price during that period fell from $1.47 to $1.33, a drop of 10%. Obviously there was massive selling pressure pushing the price lower, but that was 4.5% of the float. Yesterday and today is maybe 1.5% of the float and the price is up 10%. You see, it took 4.5% of the float to push it down, no way that 1.5% of the float is pushing it up 10%. So why the run up with no accumulation. If this volume continues for the next 3 days, then yes I would agree there is some accumulation going on, but this is too soon to say that and the volume doesn't explain this price movement, there is more at work here. GLA

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