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Planopenny

10/26/11 8:10 AM

#13435 RE: Pink #13434

That was my point all along. Someone is just playing around. If you watch the L2 AUTO is on the bid a lot of times also, could be another person for all I know though. AUTO accomidates many people
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ForReal

10/26/11 12:01 PM

#13448 RE: Pink #13434

You are right....
but my point is that there is not any indication of a huge accumulation of this stock by one person. I speculate this hypothisis because of the daily volume numbers for this stock. If one person were accumulating a large block, he is very patient indeed. Kind of contrary to normal accumulation in this segment of the market. Most times things happen to a stock like this in a flurry by traders. They accumulate quickly to run the stock up to create interest and then dump. Their capital is not tied up for too long, they take their profits and head out to do it again somewhere else. But, stranger things have happened and if a single person is accumulating a large block, he will have to declare himself (% of outstanding shares he holds) sooner than later. I am not sure if this happens within a certain amount of time after a certain % is accumulated or if he must do this at the end of the year or both.
Just my thoughts added to the many posted here.