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Thursday, April 12, 2012 2:42:07 PM
Sorry Briggsy to jump in like that, but been tracking this stock for a while. After calculating the amount of volumes went for the past 4-6 days. It almost ends up the same range. some time when you look at the L2 for several days, you see same block moving around.
When a stock ends up almost around the same range at the end of trading day, the only conclusion is no shares enough in the MM's hands.
Now here is my 2c opnion; FTCH is a social media company, that already have a site in facebook. And FaceBook is another social media(mega) that will be having an IPO soon, which will impact most of the social media companies that have a unique technologies like FTCH( that is the reason why I was following this stock).
But remember, it is always a speculation until proven with fact.
Best regards,
HIM
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