Mon, May 20, 2013, 3:01 PM EDT - U.S. Markets close in 59 mins.
53 million shares were bought in 3 days.You can kind of bet that these were NOT bought by retail buyers who had just seen a burnout.They were bought by people who knew exactly what Zerenex was going to achieve (with a better than 85% probability).Those "people" were hedge funds and they will make an 8x on this.
You are confused..... These are the numbers that changed hands & not the actual net numbers been bought.....Day traders buy/sell the same number of shares cancelles each other...Buy 10000, sell 10000, total no. Changed hands is 20000 but actual no. bought was nil........ Just think about it????
That's dumber than dumb.If someone sells themself 10,000 and buys that 10,000 - 10,000 shares have been traded.Volume is volume whoever is buying and 2 days of double digit gains tells me I was smart to double my holding on Wednesday.
KERX WONT SUCCEED ITS GOING TO PUKE
Even AF says Zerenex will succeed.
I guess today's volume says you might be right.I expected a late surge of profit taking, but these guys want in before next Tuesday. No point in swimming against that tide.