InvestorsHub Logo
Followers 15
Posts 542
Boards Moderated 0
Alias Born 01/13/2006

Re: Spiral Tiger 1 post# 815

Saturday, 06/28/2008 3:17:24 PM

Saturday, June 28, 2008 3:17:24 PM

Post# of 2705
Spiral Tiger,
The Friday volume was over 15 1/4 million (just a little more than you stated!). And as you know we entered one of the Russell Indexes. Thus all of the index funds were obligated to purchase those shares and I believe that the large block at the close and most of the other large blocks later on, were the funds reconstituting their holdings. Those shares are now locked up for at lest one year or until we are bought out.
I can't wait for the end of qtr results and hopefully an announcement as to what they are using the loans that were recently refinanced and increased.
Good investing to all.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.