Big time sporadic volume has been going on for awhile now.
4/29 12 mil plus
4/30 30 mil plus
Previous 10 days combineds 44 mill (give or take)
The next 5 days averaged about 7.2 million
Then out of the blue on 5/8 and 5/11 we had a 15 mil and 10 million day. Then things kind of slow down again for about 7 days with an average volume of about 5.6 million. Then out of the blue we get a 23 million in volume. Our biggest day since March 31st. We slow down again for the next 2 days with about a 3 million average. May 27 and 28 we get a 18 and 20 million day. The next day is 6 million.
So from my untrained eye it looks like somebody knows something. (duh) I would love to hear the reasoning of someone who doesnt believe in this company. Could that person or maybe just a skeptical person in general, could that person explain the huge volume days that run all the way back to the end of April. Did random people in the market just come to the conclusion one day that Chemtura was something to throw some money at and that led to huge volume.
To me it looks like everytime me you, mom, pop, insitutions, loaded up on this, the next day there was profit taking. (duh again) But I think this is important because while on the days we had huge run ups and huge volume the profit taking was usually at a fraction of the previous day volume. To me it looks like the insitutions loaded up at a price they wanted to with no regard for profit takers later. They dont care about buying in cheaply the next day or accumulating slowly. No, they were like the big bully and were just going to take what they wanted and leave the scraps for the rest of us. With millions of dollars in shares being bought up you haveto be pretty confident in your decision to buy at market. I think they did it because 1-2-3-4 cents here and there is pocket change compared to what these big volume buyers are waiting for. Now I could be wrong but I bet if you added up all the shares that we as shareholders hold, I dont think it sniffs one day of those huge volume days. So where is the volume coming from. I really want to hear the other side of this arguement. I dont think I will get a response because Ihubers are not spending 7-10 million dollars a day on Chemtura. Just some observations, now I'll get back to those that actually know what the hell there talking about. Good luck to everyone.
