Todays volume the highest in two years with exception of may 16 '06 (121,500).My question-who's trading? esp all the volume between 5.70-5.95? Is this a one day deal or a new volume breakout?I guess time will tell.
what good is there in a volume breakout if there is no upward movement in the stock price. as soon as the price breaks $6 the sellers move in. there is such a huge overhang right now which was made even worse this morning when people were buying at $6.10-$6.31. many gave up and sold at $5.74 later in the afternoon.
Here's my take-there were some serious blocks at 10.11 and 10.13 (20,000 and 12,000)my guess is instituitional buying. The selling below 6.00-individuals who had an opportunity to sell sizable amount of shares(something not available to wilc holders often)remember that from aug '05 till mar '06 this stock was selling between 3.00-5.00.