I wasn't watching the tick today, but there appears to have been 11 large trades today; ie, 10,000 shrs or greater. One was a sell, One I'm not sure and the other 9 were buys. In order of appearance...
25,000 - 16-3/16
15,000 - 16-1/2
10,000 - 16-3/4
10,000 - 16-15/16 sell
10,000 - 17-1/16
10,000 - 17-1/16
15,000 - 17
17,000 - 17 unclear if buy or sell
35,000 - 17-1/16
11,000 - 16-15/16
10,000 - 17
It appears institutions are beginning to buy MESG. Once they start, we can see sustained higher prices. My guess, fund managers are preempting MESG's listing on the Russell Index.
Seventeen will look cheap next week! |
