Replies to post #26494 on Chemtura Corp (fka CHMT)

[CEMJQ Multi-Millionaire]

I would think it would be higher, but then again I really don't know, and I don't think anyone really knows. Since I don't know I have to examine the fundamentals and I like what I see.

[WhiteSahara]

Have you checked the daily buys vs sales totals for the past several weeks? I would suggest that you pay some it some attention. 100K, 200K 50K sales have hit the bid repeatedly and it never moves. Several days this week have had 3-1 Bid transactions versus Ask transactions and the price range sits firm. Someone is accumulating big time and very quietly. They're buying while people here are crying. No one here knows who it is but it's somebody with some big money. $125,000.00 per day average for over two weeks is a big someone.

By the way, it's a nice cup and handle we're developing, eh? Go Utes!

[Xenn]

Well since May 29th (when this downturn started), we've a had a turnover of almost 100 million (not exactly chump change).

Funds/Tutes don't always go in with barrels blazing. They can and do accumulate for weeks if they deem it opportune to do so. With all the selling that's been going on since May 29th, any big player could easily have racked up a sizable position for themselves.

That's why it will be interesting to see what happens when we get a float turnover. Whoever is stockpiling those shares will have to hit the ask if they want more.

So far they've been feeding at the trough at the bid...once that dries up, we'll see what the real deal is with Cemjq.