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Optibase Ltd. (OBAS) Message Board

  • tnyellowtomcat tnyellowtomcat Feb 18, 2005 10:31 AM Flag

    A Market Maker lo volume markup?

    We are up .29 this AM on 4400 shares!

    I thought that low volume moves were always down. After all, it usually takes 10s of thousands of shares to go up 20 or 30 cents, and less than 1000 shares to go back down by that amount.

    I like today's move, but "go figgure"! Maybe there is some real buy interest volume lurking out there. The market makers must really hate today!! <VBG>

    Tomcat

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    • I noted your observation. I am also quite puzzled by the steady price increase over the past days, even in significant down market days. I can't help but thinking some entities are slowly picking up the shares in small blocks to not arouse attention. If true, it bodes well for us longs. It will indicate either someone knows some positive news, yet to be announced or some interested parties are taking a look at OBAS. In any case, there were few sellers for sure.

 
OBAS
6.34-0.17(-2.61%)Jul 9 4:00 PMEDT

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