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Metabolix, Inc. Message Board

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  • johnmr12 johnmr12 Mar 9, 2012 11:33 AM Flag

    Something is in the works, may be announcement

    The volume is too low. If something big was coming, the information would leak out to enough people to cause unusually high volume. This appears to be short covering in small doses.

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    • Exactly this looks like a brokerage firm is raising its target and outlook and will be issuing an upgrade - so we see retail buying in 2-10k shares

      Hey - I'll take it.

      • 1 Reply to biajj3
      • Or, another thought is that maybe Mr Schuler is accumulating. He obviously wants more stock since the company had to file an 8K stating that he could only own up to 19.99% of the stock without becoming an "acquiring person". Now, I don't know what an acquiring person means and why it is a bad thing, but what that document tells me is that Jack Schuler approached the company about increasing his holdings, and they told him he was going to be capped at 19.99%. Since there was no private offering or warrants or anything like that, he can only get his shares like the rest of us, through a broker in the open market. With the average low daily volume, his accumulation alone can steadily move the price up.

0.73-0.07(-8.75%)12:20 PMEDT