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Non-Tech : Valley Media (VMIX) IPO
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To: jeer who wrote (199)6/19/1999 5:00:00 PM
From: Paul Hackett  Read Replies (1) of 298
 
Here's an interesting coincidence, look at the nice steady decline in closing price with a corresponding increase in volume (since 6/15):

Last 6 trading days for VMIX:
day...date..closingamount.... shares.....open....day's trading ranges
Fri..Jun 18....14 15/16.....2,072,400..20 3/8.....14 9/16 - 20 3/8
Thu..Jun 17....21 3/4.........102,200..22 1/16....21 1/2 - 22 3/8
Wed..Jun 16....22 1/2..........69,500..23 1/8.....22 - 23 1/8
Tue..Jun 15....23..............28,000..23 13/16...22 5/8 - 24 1/8
Mon..Jun 14....23 7/8..........94,400..24 1/2.....23 5/8 - 24 7/8
Fri..Jun 11....24 5/8..........45,300..24 5/8.....24 3/8 - 25 1/16

Appearantly a select group of people were successful in anticipating the higher moving cost announcement. Geez,...were they lucky. I wonder how they do it?
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