Anyone care to discuss the huge volume we saw yesterday?
I have a few ideas of what it could have been
1. Wash trading before the news came out, in order to draw more attention to the stock. But if that was it- why do it at such low prices?
2. Front loading by people who knew that news was coming out. Market makers, Fred Mertz, etc. Could very well be, I suppose, there has been absolutely huge volume for weeks lately.. "for some reason"
3. Simply a huge dump of shares
Well, I can't seem to believe that, because it simply makes NO sense. Why dump like madmen BEFORE releasing news? They'd want to dump AFTER news came out.. right?
4. Debt holders dumping their discounted shares after converting them. I have no idea when they can convert what because I have been too lazy to sift through filings. There again though- they would dump all of their shares RIGHT BEFORE news came out? Pfffft
It has been said that the 70M was an exact figure of what adams got in the deal. It has been said that o/s increases lined up with 100 different things though for years- time and again- but this DOES look like a plausible explanation, I think, since it's pretty much confirmed with todays news
I see (if the chart is accurate) a triple bottom @ 0010 now
It has held above that on extremely huge volume for a long time now
I see buying pressure often comes out of nowhere
I see vfin and vndm and bkrt with infinite blocks on the ask most days as well, though
Not sure of WHAT to think right now
Any input is appreciated - this is all so interesting
GO WGAS
