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Violin Memory, Inc. Message Board

  • gregory.lynn@rocketmail.com gregory.lynn Mar 28, 2014 11:24 AM Flag

    Block trades

    Volume from block trades is increasing, just like when the stock peaked above 5, except now they are being bought at the ask instead of being sold at the bid. I think we are about to see a reversal.

    Sentiment: Strong Buy

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    • If you look at the volume from the past two days, since the lockout, you will see some large block trades. Unfortunately, many of these were sells. IMO the problem is there are still about 3-4 millions shares out there for the lockout. The poses the danger of a large block sell (100K blocks or bigger) at any time. So far volume today was temped, but that can change on a dime. I still think we have a good chance of breaking $4. Granted, these guys may not sell all their shares, but I think they're coming off the 180 day itch and want some money. With all the negativity that I just said, I still think the stock has great potential, but it's just too early IMO after this lockout to buy. I'm watching and waiting, patience.

      Sentiment: Hold

 
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