I hope I haven't become a contrarian indicator here...although, the stock is trading right where I sold some shares a few days ago, so not yet. But seeing some nice volume here and a remarkable up day given a bloody market.
Red Robin going to take this sucker out? They should. $15...not a cent less.
So here's why you have a volume spike on no news. One moronic analyst upgrades this company, and the CEO decides to take the opportunity to dump about a quarter of his holdings onto the folks who are buying shares during the upgrade.
The volume spike? Oh, it was Sandy Beall dumping his shares near the low of the day.
What a fucking moron.
I'm curious...why do you think another analyst would ever upgrade these idiots ever again?
Wow...I can't believe old Sandy would do this.
Well, I'm selling out. I bought when Sandy bought, and now I'm going to sell when this douche bag sells.