Thanks, Pokerpro. I see ASITIS is here, too. How appropriate.
It was ASITIS, during the last week of this past January, who alerted me (on that other board) to the existence of iHub's trade-by-trade site and as I mentioned in my first post here, I've become addicted to following it on a daily basis.
I try to follow every day's trading reasonably closely. Anyone familiar with my posting history knows that I am fascinated with unusual/different/intriguing/anomalous activity with regard to that daily trading record. And something has come up recently in regard to that trade-by-trade record that has grabbed my attention.
When I began following the iHub site, my off-the-top-of-my-head "feeling" about the daily trading in this stock was confirmed. Notwithstanding whether the stock price closed on any day with a gain or a loss and notwithstanding the volume, I have believed for a long time that there seemed to be more selling activity trade-wise than buying activity on a daily basis. Because trading in this stock has ALWAYS been sporadic, even when the stock price was tens of times higher than it is now, I thought I could get a decent idea of how many of those trades were buys and how many were sells (e.g., was the trade at/near the Bid?; the Ask?) But, of course, it had to be just a WAG.
With the ihub site newly available to me, I've been able to make those guesses far, far more reliable. And for the first couple months, my intuitive belief was confirmed: on most days (not all but most) selling activity, as measured by the number of trades and the volume of those trades outdistanced buying activity whether the stock price closed with a loss or a gain.
Then, beginning on April 9th, that pattern dramatically reversed. For the past 11 trading days, buying activity - as measured by the number of trades and the volume of those trades, has overwhelmed selling activity on every one of those days. 7 gaining days, 3 losing days and today's even finish. And on most of those days, buying activity as measured by volume was 10 or more times the size of selling activity.
Intriguing? You betcha! What could it all mean? Something going on behind the curtains? Those in the know, know something?
I wouldn't be surprised if we find out in the pretty nearest future.
But that may just be me.
LT
