Who , why & how many ?
Who is buying : Someone(s) is in a hurry to pick up shares.
a) Funds/Institutions who feel the time is right to get
the shares before , earnings & secondary arrive.
b) Short sellers trying to get out of the way.
c) Momentum players or indiviual investors who are "believing"
the advice of various sources ie: Infras , Penn , Hampshire ,
AOL , SI ect.
d) A potential acquring company buying shares on the open market
( seems unlikely yet possible ).
Why : No public news of any sort , only behind the scenes interest. ?
How many : 768,100 / 742 trades => 1035 av size trade.
Can't find out how many large blocks went across. Previously
websmart.stocksmart.com
would give a breakdown of how many large blocks trade everyday.
However they are not responding any more ??? Anyone know of another free site that gives a tally on daily large blocks traded ?
Seems we are seeing increased "big boy" involvement in MRVC.
That is what is driving up the price. IMHO . So for us "small fry"
who purchased at much lower levels we are in a good spot. No telling where MRVC is headed over the next 18 mths or so. If you sell now , ask why first.
Reasons to sell : a) Hoping to time the market or time MRVC's trading pattern.
b) Cash in & spend the dough for someting else.
( lock in profit )
c) You have a better investment in mind.
d) You expect something to go wrong with MRVC's
business.
I plan to stick it out much longer to see 40 + , 50 + ect.
(fingers crossed). Its just now getting interesting.
Just keep telling yourself - bandwidth , fibre , MRVC , profits ,
for years down the road.
Good luck. |
