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Innotrac Corporation Message Board

  • inocinside inocinside Dec 9, 2002 9:25 PM Flag

    volume

    My cynical (and unfortunately usually right when it comes to INOC) side says that INOC itself is buying the stock to prop up the price. Look at it this way, whenever the markey looks to tumble on bad news, (UAL today), the volume of this stock shoots up, yet the price still decreases. My theory is that this is the time they are buying back their own sotck to keep the price from falling during these 'bad' days. Thus making them look more solid than they are since they did not drop like the Home Depot and other large stocks did.

    Take it for what it is worth..

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8.190.0000(0.00%)Jan 6 3:15 PMEST