With the o/s pegged at 32.5 mil, it seems we got some serious rolling of shares or something going on here for accumulation..
Over the past 4 trading sessions there's been 35,520,370 shares bought and sold. Thats an average of 8.9M per day..
The T/A's #s show a change of 8,010,153 between the 27,510,217 as of Feb 28, 2008 figure from the ibox and today...
Best guess is the market had to of also absorbed the majority of that over the past 4 sessions which is why we didn't recently get the pop we would have liked...
However, T/A's #s do not support further dilution.. I mean, 8M shares over 6-7 months is nothing and we have probably just about burned through whatever was there to be absorbed..
Looking for a nice move to the upside here over the next few weeks as people slowly keep adding, new traders stumble across this ticker and thus the number of shares available for manipulation become less and less..
GL..
> Anyone else have any opinions on the recent high volume days considering the 32.5M O/S count?
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