based upon 87,800 shares volume, down almost 2/3
from it's everyday average volume of 227,136 shares.
Of Wednesday's volume,
23,000 shares traded
at the bid
27,000 shares traded in the
38,000 shares traded on the offer and the average price
SKX traded at today was $ 5.06 (same as
SKX shares closed at 5 1/8, up 1/8 for the day, bid
at 5 for 12,100 shares and offered (in NY) at 5 3/16
(although it never traded at 5 3/16 today) for only 1000
shares. At the end of the trading day in the closing
moments, all of the 5 1/8 offer was traded away. It was
approximately 7,900 shares that traded at 5 1/8 at about 3:51
p.m. (EST) that lifted the offer.
day's range was 5 on the low to 5 1/8 on the high.
There were some substantial bids placed on the NYSE
today, with a 35,000 share bid at 5 being among them.
All of the offers shown today were ultimately taken
and no offer larger than 5,000 shares appeared
throughout the trading day.
Again, it does appear the
bias is upward, however slight it may be. The large
sloppy unrelenting sellers appear to have taken a
holiday, at least for now.
I still contend, the
next leg, when it comes, will be an "up" leg for