Hey, we're both longs, but a print is a print. No NL ensued. There actually were about 36k shares traded in AH, including one 18k block (up until 4:30, which is unusual for PBY), but it was end of month. In the last minute of trading many stocks were marked up astronomically.
Math, geez, haven't had any since 3 semesters of college calculus. Not worth much. And you Dan, are the ax on this stock.
From 4/15 to 5/15 the short interest is up about 750k shares. From 4/30 to 5/15 the increase was about 400k. The trend over the last year had been down, until 4/15. You can see all this on the Nasdq site.
I hope so. However, this could also have been a short sell where someone at the close shorted to every buyer down to $7.045....which is extremely possible as well. No real way of every knowing 100%. I do view both scenarios as postive in the long run. DaninFW
Thanks for the explanation, Dan. So, if in fact, the activity at the end of the day might have been the 'last of the overhang' - I surmise that bodes well for next week's trading (pre-earnings release?
Somebody knew this article was coming ?http://www.fool.com/investing/general/2009/05/29/5-cold-stocks-heating-up.aspx..............Last sentence" It's valuation is laughable"....up next week.....GM Bk...should bring some more sector focus.
The 5/29 Motley Fool article about PBY is not an endorsement and really reiterates old news. But, it might be nice to see some heavy hitting mutual funds jumping on the bandwagon.
Dan in F/W or anyone else tracking mutual fund activity as of late?