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Avid Technology, Inc. Message Board

  • semper_spqr semper_spqr Jan 16, 2003 9:25 AM Flag

    sugarr

    You may be onto something. Last night, 133k shares traded after hours. The last two trades made up the bulk of this action. While most all other trades (other than the last two) went out at yesterday's remarkably high closing price, 65200 shares went @ 22.19 and 58600 @ 21.62

    This is strong evidence that volume is trading at the bid as you suggested.

    I also noticed that on-balance volume was negative yesterday - all day.

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    • From the temperment on this thread, it appears the last minute rally, yesterday and the day before, had the predicted effect - irrational exhuberance.

      IMO

      • 1 Reply to semper_spqr
      • Or..

        The "numbskulls" who jumped out on the double downgrade realized the the CONSENSUS target was between 22 and 25

        Say what you will MM's making it happen, mngmt conspiracy theory's , whatever, if Avid was a DOG it would not survive this much manipulation..the fact is (and this is where I think sugarr and company dont see the light) the company is healthy and has some huge potential in front of it. There is still such a thing as BETTING ON THE FUTURE. Its also known as optimism, an emotion shorts were born without. This company may not be the next msft but it is breaking new ground and people want to be a part of it.

        If Avid was the bag of air you claim it is IT WOULD NOT HAVE SURVIVED THIS LAST WEEK! and you know it.

 
AVID
10.45+0.11(+1.06%)Sep 19 3:57 PMEDT

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