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Alias Born | 05/05/2010 |
Saturday, June 21, 2014 1:28:11 AM
This has to be the worst trading day for BRGO. Well, maybe not THE worst, but certainly hard to remain a cheer leader after this morning.
Then you point out the huge turnaround during the last 30 minutes of the trading day!
(for those not familiar with Ihub's features, go to "Data Tools" and click on "Trades" and you'll see every trade of the day listed out)
It looks like a few big buyers took out some BIG orders. There are five 9 million share buys back-to-back within a few seconds, and 9,999,999 share buys happened 3 times within a few minutes. It was a feeding frenzy at the end! Why??
People don't throw that kind of cash into such an obvious loser stock, do they? Unless, maybe, it's not so bad after all and maybe they just happen to know something to inspire them to buy large.... hmmm next week we'll see.
Charlie
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