Check out the block trades at and after the close:
16:00:00 3.33 1822771 NSD
16:17:18 p 3.33 235476 NDD
The only explanation for the large block trades is they are pre-arranged transaction involving a known buyer and known seller, someone wanted to unload 1 MM shares and someone wanted to buy them. One of the someone's may have been the market maker [loading up if they were the buyer]. Don't know if I am posting the obvious or not?
after those two then two more:
11:55:51 w 3.44 204000 NDD
11:55:35 w 3.44 255000 NDD
The latter two sent the price down to 3.40...
Some large blocks being dumped knocked it down, here's a couple from 20 minutes ago:
11:54:32 3.44 350000 NDD
11:54:51 w 3.44 140000 NDD
Volume is high, probably was some large blocks being sold that pushed down the share price. I'll see if I can confirm but I don't have very good real time price/sales tracking...
It seems that inclusion in the Russell 2000 would mean lots of buying. But, the posters on this board have given it a big "meh."
When is MIFI to be part of the index, after the close tomorrow, or in the morning?
on Friday, June 26th. What are you expecting for the share price this week? Do institutions buy before the index is restructured or will they wait until the index is finalized? I would think they'd want to get in early at a cheaper price, just thinking out loud...
Enlightening, but not directly relevant to MIFI I guess. Except that the market for IOT technology encompasses everybody similarly to mobile, so that was the point.
has been wiped out! Any questions?
You're right about one thing: if you keep posting this every trading day, eventually you will be correct!
Using the charts on tdAmeritrade, on the 1 year chart the RSI is showing 33, was 31. So the question is what chart are you basing the oversold condition on?