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Re: mitchcoffman post# 3727

Wednesday, 06/28/2017 11:24:13 AM

Wednesday, June 28, 2017 11:24:13 AM

Post# of 7747
All I can say is that it looks like big accumulations in the last few months. When you put in a big order, it's hard not to run the price up, which can trigger a lot of day trades that typically shoot up the trade volume for those days of the big buy.

The bump in April, then again in May and the steady trend up is suggesting accumulation taking place. Typically, you will see big volume days but spaced out. Like those 20, 30, even 50 million volume days suggests buy orders were put though. If you have a good trading software with decent chart, you can take a look at the volumes in the last few months.

For example From April to this point, we have 500k days maybe a million, here an there on average. Then, on 4/19 we had a jump of 17.6 million volume, then 51 million on 4/24, and I believe that was when Shabby bought their shares. Volume died down a bit in the next week back to couple million. Then 5/18 it's up to 15 million again, then some 20-30 million days at the end of the month. 6/5 was another 27 million, 6/23 yet another 19 million day. I believe both 6/5 and 6/19 is another financial group buy we should see some SEC filling eventually. Accumulation can take place in many months before the run up. But, it seems we're getting very close.
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