That kind of volume in my mind is someone buying because they "know something" is coming . Announcement this weekend? Buy Rec from a major house Monday? Buyout rumor? Stay tuned!!
All I see are 200 or 500 share trades. No meaningful institutional size by any stretch. Just Cramer lemmings piling in with their $500 of play money.
I'm very long BTW, but don't like to see it move on vapor. I want to see deals announce, or continue to see heavy volume on the upswings. Today's AH doesn't qualify.