Investors Title Co. Message Board
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I'm a Traitor!
Guys, I sold. Fling the rotten fruit at me if you must.
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astral:
Yahoo reports that the volume of ITIC shares traded on Friday was 159,962. Was most of that your trade?
I wonder if that was a bogus figure. It doesn't show up as a spike on the daily chart. Could it possibly trade that much without having more impact on the stock price?- 2 Replies to pmlljl
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pmlljl,
If only! I leaked my shares out real gradual-like.
That does sound too big to be real, unless for some reason some buyer and seller arranged to trade on an exchange. Which makes no sense to me, but I don't move in those circles. -
pmlljl,
http://www.nasdaq.com/symbol/itic/time-sales?time=0 shows a couple of trades at 16:00:01 that may explain the reported volume.
pj
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astral_tsar,
A couple of very close relatives of mine have engaged in the same treachery recently. Expect no fruit from this direction! -
astral:
There will be no rotten fruit from me. I sold my ITIC earlier at a lower price (woe is me). I guess I was the "original" traitor.
I think you picked a pretty good time to sell. The market has been overly enthusiastic with many companies related to housing. Furniture, home building, building material retailers and title insurers have all done very well. I think there will be a recovery in housing, but I don't think it will be very dynamic and not like it was before. The housing mania will not return for a long time.
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