Replies to post #9 on Empire State Realty Trust Inc (ESRT)

[liggity]

Could be, very low volume so far today. Hope to see buying come in later today,over the past week the big volume seems to come after 3pm. Right now it appears to be bouncing off of the open price.

It's interesting looking at a daily chart, on 12/20/13, there was >10M shares bought by a specialist of some kind. It really stands out on the chart.

When it finally broke resistance on 5/7, it did so on strong volume. The strong volume has continued and there is pretty strong momentum here. Although yesterday was red, there was big buying volume at the end of the day, and after hours. I'm not a big fundamentals guy, but recent earnings report looks strong as well. They seem to be getting lease deals done with some big money etc...

GL!

[liggity]

As of 3/31/2014:

Institutional Stock &
Mutual Fund Ownership: 94.2%

Total OS = 94,495,247
x
94.2%
= 89,014,523 shares owned by institutions.

So, after we subtract shares owned by institutions, we are left with a float of : Approx 5.48 Million shares.

Now, 5 million shares to go around, and the market makers want their piece of the pie I imagine. Also perhaps more institutional buying has occurred after 3/31 d/t earnings, breakout etc.

Average 10 day volume has been about 1 million shares - and mostly all buying over the past week.


Your thoughts?