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Corrections Corporation of America Message Board

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  • wildwillietwo wildwillietwo Sep 1, 1999 3:58 PM Flag

    Felons and Prison Guards

    The Yahoo chart does appear to show a 240k sale
    between 1 and 2 p.m. today. The Schwab chart however does
    not show any single transaction in excess of
    30k.

    Equally interesting is that Yahoo showed a sale or 40k at
    the close yesterday on the ask which led to the price
    closing up for the day after trading below its opening
    price most of the day.

    In any event, the good
    news is that the price is rising on strong volume--in
    fact today's volume would have been considered quite
    large before the fall (i.e., pre-May CC fiasco) when
    500k was considered to be an average upper limit on
    volume.

    With luck the investment community is putting aside
    their concerns about managment and concentrating on the
    fact that this stock is seriously undervalued.

 
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