Selling volumes are large and frequent, buy patterns are small volumes at a premium price. Tells me the underwriters and MM's are sitting on a pile of stock and as usual manipulating the spread making a bundle selling this to retail investors. You could argue this what they are supposed to do, true enough but look at the spreads and the patterns, clearly abusive to early stage investment capital.
Despite the obvious thieving going on by the underwriters etc…. FMI has a very good story and some significant wind at its back. I look forward to seeing them get a reimbursement plan settled sometime in 1st H of '14, once that gets done, this train will leave the station. It will say goodbye to the 20-30 range and head straight to the 40's. It is a speculative play, no doubt but with the political, educational institutions and healthcare stalwarts behind this one, that is a bet and risk I will take_at these price levels.
The underwriters and MM's are thieves without any scruples. They stack the deck make it every which way possible, from their exorbitant fee schedules for the client raising capital to selling allotments of oversubscribed stock to poor bustard's buying in retail. The nature of these parasites and their game never changes, with no accountability they are given a free pass by the Govt.
Sell on the news = todays trading. Momentum traders would have been all over it if it would have taken off. Not to worry still long here and see this as a great holding in 2014, a lot left in the tank.