With 1M+ shares on Thursday and 600K+ shares traded today, that's 10 days in a row of 500K+ volume. Typically this is a stock that trades between 100-200K shares a day. I wonder where or to whom the shares are going.to.
Looks like this is the last post on this thread. The record stops at 12 days (45 minutes left with only 220K shares traded, ain't going to make it today). It will be interesting to see if this things holds 5 longer term.
may I venture a guess that much of the volume is left hand to right hand? Even if someone is buying or selling, they won't do straight buy or sell to give out the tell tale sign of what they are trying to do. Instead, they create big volumes to hide their tracks. At this day and age of high frequency trading, trading cost is fairly low.
same here. I cannot complaint either. People are selling but I guess some some major fund is buying. the cc was very posiitve and we might see a run-up if company announces interim data presentation at this year's ASC0.
Also the gains needs to be digested. RSI is in severly over-bought range.