InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,633.91
(
1.02%
)
US TECH 100
20,107.60
(
0.99%
)
Dow Jones
39,721.36
(
1.09%
)
Brent Oil
85.39
(
0.40%
)
Bitcoin
57,582.08
(
-0.30%
)
Post# of 249228
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

waveytrain

Send PM Follow Ignore
Followers 9
Posts 776
Boards Moderated 0
Alias Born 09/11/2009

waveytrain

Re: None

Friday, 06/25/2010 3:31:22 PM

Friday, June 25, 2010 3:31:22 PM

Post# of 249228
Supply of Shares
Here is a theory. Obviously, everyone knew about the Russell rebalancing ending today. Over the last 2 weeks or so, Wave stock price has gone up all but about 2 days. This was driven by people buying stock in anticipation of selling it to the funds in the days right up to today. So, it is short term traders trying to cash in on it. (Heck, I have done it a little bit, and am trying more today).
Just a possibility to explain where the shares are coming from.

Wavey Train
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

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.

Sign Up