Looks to me like several buy programs kicked in
at 3:30. (Institutions buying in so as not to miss
Volume all of a sudden went up substantially (with
blocks much larger than the usual hundreds or 1k or 2k),
and the price got higher in a hurry.
noticed that the ASK SIZE got ahead of the BID SIZE (like
14 to 1), which to me, anyway, indicates that more
trades were going at the ASK, which indicates BUYS. (The
SELLS take place at the BID more often than
Any other takes?
Analysts are generally invited to listen to and
respond to quarterly reports. Whether or not they show up
or ask any questions is up to them, but given the
recent interest I'd imagine quite a few analysts will be
at least listening.
It would be incredibly
gutsy to annouce preliminary PIII results with a
quarterly report unless they are very solid because its not
just a press release, usually these guys (analysts)
get a chance to ask a few questions.