10+ Million share volume (Only 4 time since Jan 1st.)
Looking into 2011 only 4 time we exceed more than 10 Million. I am really suprise as I thought there must be many Here is days we have more than 10 Million volume: 1.> March 10 - 34 Million (can be explain with Benlysta approval 2.> July 22 - 10.2 Million ( 2Q Earning) 3.> Aug 4 - 11.4 Million (DNDN News) 4.> Today - 10 Million ( No News at all, we didnt even hit 52 week low)
You can see 10 Million volume & 10% up while no news is really suprise. All 3 other time we have significant news that explain volume. We are heading to 16 at least.
3 Million volume in two hour. I was trying to watch kind of transaction. Mostly small so either indicate that Short are covering and also some technical buying or Big player trying to hide their intent. Yesterday at tail end it was quite apprent their intent.
Only Short scare with Buyout talk. Regardless of Buyout or not we are heading back to 17-18 area. We may take pause there for while but not going back to 11. 10 Million in volume is proof given it only happen 4 time in this year which was full of event for HGSI.