Explain this
|
| Author | Content |
|---|---|
| richo123 Apr 13, 2006 1:11 PM EDT |
From the strange facts department: As all this becomes clear (SCO has no case at all) the share price is near six month highs. Reason???? |
| Herschel_Cohen Apr 21, 2006 9:23 AM EDT |
On most days the total trade volume would be a single trade on even a non-major stock holding. Look at the trades over a trading day, even on an active day there are long periods of complete inactivity. This is an insiders' game, where those that play to short the stock on rational grounds are going to get killed by the manipulated market that is so small. Recently the total average trade volume was under 20K. Hence, as the call dates approach stage some trades that pull up the value. If you happen to own some SCO stock, those are your best opportunity to dump and cut your loses. |
| richo123 Apr 21, 2006 10:09 AM EDT |
The stock has been near six month highs since the end of the first week of April i.e. for two weeks. In addition trade volume has been high by historical levels with the sharp increase in price coinciding with a 175K trade day compared to the normal 25K. Looks to me like someone bought up big around April 8 and this is why prices are at a six month high. http://marketwatch.nytimes.com/custom/nyt-com/html-interacti... |
| Herschel_Cohen Apr 22, 2006 5:46 AM EDT |
The 177K trade volume was a one day spike where the price flew above $5, the average trading volume for that day was (from memory) less than 18K. I no longer even bother to look at the detailed price trade graphs. It's mostly insiders selling to one another to keep the price above where it should be. Notice too there is only one analyst "following" the stock with the same numbers projected for every quarter and the advice to "hold". The price at these low levels of trading volume where those trading are primarily insiders do not reflect reality and until some legal judgments come down unequivocally negative to SCO interests these "values" are unlikely to deflate. |
| richo123 Apr 22, 2006 7:56 AM EDT |
So it sounds like we have reached the same conclusion: One insider executed a large buy trade early in April which drove up the stock price to six month highs. Speculation: This is a baiting exercise waiting for a sucker to buy on the basis of the large uptick so the insider can dump their "worthless" stock. |
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