Just wondering if anyone else noticed the dramatic non-action in AMNF this week? There were huge bid and ask quantities available (up to about 10% of entire issued shares and 500 - 1000 times normal) at various times on and off through the day on Monday through Thursday. By Friday things were back to normal.
Despite the huge quantities of stock supposedly sought and available, actual total trading volumes each day were in a normal range. Here are the maximum bid and ask quantities and the total daily trading volume (didn't record volume on Monday, but it was similar) that I saw:
Monday 4-29-13 3,375,100 bid 3,642,800 ask
Tuesday 4-30-13 2,980,000 bid 2,572,800 ask 24,220 volume
Wednesday 5-1-13 1,510,000 bid 1,220,000 ask 72,700 volume
Thursday 5-2-13 1,521,600 bid 1,050,000 ask 34,605 volume
Friday 5-3-13 14,700 bid 12,000 ask 29,555 volume
Shares traded in a range of $1.10 to $1.15 all week.
Anyone know what to make of this? Are there 2 or more big fish playing cat and mouse, or is this all just a figment of my computer's imagination?