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UTStarcom Holdings Corp. Message Board

  • ppc1113 ppc1113 Jun 26, 2006 10:21 AM Flag

    Definitely a big buyer / coverer

    The stock has gone up slowly on heavy volume with no pullbacks. Penny by penny someone slowly clears out the offers. That is how a stock trades when someone wants shares (not just to move the stock). They must want the shares reasonably quickly as well...otherwise it would be beneficial to buy for a while then step out and see if the stock retreats. Hopefully this continues, but it is only .37 cents, 50 minutes, and 425,000 shares. It is way to early to see how much this guy really wants, but this is definitly not bad news for longs.

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