Sevcon, Inc. Message Board
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Heard that DLJ...
Mr. Rig,
I don't know about your rumour,
but if you look at today's intraday action, it looks
like somebody has decided that they want this stock.
The volume is quite high today, and the first big
round of buying came in to take it up from the day's
low - bold or stupid... There were a few other mass
purchases that came in on dips and finally enough to push
it into positive territory for the day. Couldl be a
positive sign?-
You are right ... todays action in SEV looks like
accumulation. The technical guys who calculate on balance
volume (OBV) like stocks that fall on low volume and
rise on big volume. That has been SEV's pattern over
the past few weeks.- 1 Reply to wallyboy
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As I have noted before, the action seems to be
typical of a shakedown. While at the same time, the
options are trading in very strange ways
(deep-in-the-money and large size). Somebody is unloading their
stock but not their commitment to owning SEV? I'm not
sure what to make of it, but I believe the stories
about DLJ referred to in an earlier message. They are
there to "promote" this stock and are accumulating. Yes
I know - we keep hearing the same thing while the
stock dives, but going down to the breakeven level (for
bondholders) of $11 today seems too easy and CORRUPT! We will
see if enough towels have been thrown in. This stock
is being manipulated VERY WELL - mark my words.
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I suppose comet would think I'm stupid but I
increased my holdings in SEV early this morning even though
it was still heading south,turned out to be good
move.Called SEV today but office was very busy,had the
feeling something was going on,maybe just alot of worried
shareholers trying to get some reassurance,seems they may
have gotten a little looking at todays volume and
uptick.HEY comet I could smell Bre-x a mile away,did you?
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