News Focus
News Focus
Followers 49
Posts 7301
Boards Moderated 0
Alias Born 11/16/2003

Re: None

Tuesday, 08/11/2009 11:57:30 PM

Tuesday, August 11, 2009 11:57:30 PM

Post# of 160315
TMNG..been trying to get the story of huge volume/price spike on 8/10.This is a low-floater so the volume spike really noticeable.Got this so far,can someone please add their thoughts.

1)0n 8/5 -huge volume(2671400)-no price change
2)On 8/10-huge volume(1233400)-price up 70%

Today 2 filings out(13G/A & FORM 4) which shows Potomac capital management sold 2641969 shares on 8/5(explains volume on that day).
Is the likely reason for volume & price spike on 8/10 that someone bought those shares?Guess we'll have to wait for the filings to come out.Earnings being released on 8/13 may also get some answers.

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today