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Thursday, February 17, 2011 5:43:45 PM
http://www.google.com/finance/historical?q=PINK:GRNO&start=0&num=30
You'll see that on the high volume days (buying interest), the price rises significantly. On most other days, it's stagnant. If it were a seller driven market, when the sellers arrived, you'd see large volume and a falling price. What you see is a buyer driven market. When buyers come in, volume and price move up.
From what I see, that occurred twice in the last 2 months, Jan 13 and Dec 13.
You're right it won't rival last year because the promotions have all been exposed and discussed. If it were trading on fundamentals or perceived results, it would be well ahead of last year's run. But it seems clear to me that people aren't putting much faith in the optimistic projections.
The only thing necessary for the triumph of evil is for good men to do nothing.
EDMUND BURKE (and others)
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