CXI...sometimes these threads bug the crap outta me...like when someone skips over my post on the main thread...f--k it....rather talk to myself anyway...:o)
Logs for the last 5 days...
Thur - 20,000 - 0 - 4,400
Fri - 15,200 - 3,000 - 11,100
Mon - 46,100 - 500 - 61,000
Tues - 12,500 - 0 - 33,700
Wed - 10,300 - 26,000 - 141,500
Impression? The last big buying day 'fore yesterday, was Monday, when it was trading mostly 1 x 1 1/16. 25K went through near the close, 5 blocks of 5,000, all on the 1 1/16 ask. So at best, any money that was trying to P&D could scoop 1/8, w/the bid currently at 1 3/16. A possibility.
That doesn't explain the heavy volume going off yesterday, at 1 1/4, not to say people might be getting suckered in to an end of FY rally. Overall, I don't see 1/8 of a point being enough to satisfy most people's greed. this little rally is also coming off a bit higher base of 15/16 - 1, vice the previos rally from 11/16.
With volume again today, and the one of the main proponents in the shareholder body hinting bullishly, we should continue up...could see 1 1/2. Price drops are usually pretty gradual, but if CXI starts to fade, take the profit & walk. |
