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Innotrac Corporation Message Board

  • ottotrac ottotrac Dec 10, 2002 3:22 PM Flag

    Volumes

    Today's volume is 15,000 and we are up $.25. Yesteday's volume was the strange one. Over 150,000 shares traded and we lost a few cents. There were plenty of sellers yesterday taking some profits along the way. Were they the ones in the know and this is a suckers rally? With such small volume today, I am still baffled after yesterdays activity.Would this company really want to buy back more of its stock?. It's burned most of its cash over the last 3 quarters....only $135,000 in cash on last release. I think I will take my small profit of the last few days and run....

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    • my 2 cents to your post:

      the big volume was at a price that represents a breakout from the recent trading range.

      The bottom-line is is the business activity going to accelerate for INOC or not. It appears that investors are starting to value the expectation that results will(or already have begun) to accelerate.

      Bottom line for me is that I see much more upside at these prices than downside or sidewards stock action. Just my two cents and opinion..of course, make up your own mind. Sell if you want to, or perhaps you already sold and are disappointed to see the stock starting to move upwards?

 
INOC
8.190.00(0.00%)Jan 6 3:15 PMEST

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