Time for an ironic observation........
Back in the good old days when there were only
37 mil or so shrs.....
14 mil or so were Gordon's,
another 16 mil or so were tightly held
by eagerly awaiting for the pop longs,
and maybe another 2 or 3 mil were held by other
insiders....
Thus high volume days were 3 to 5 mil...
All the shares exchanging hands were primarily between
the too few that knew of the stock because of
the Si and RB message boards.
With everyone holding and no new buyers, there
was no buying pressure and no volume.
The low volume and insignificant percent moves attracted NO attention, especially since high volume and percent moves are the typical indicators that attract newcomers even if these newcomers are just daytraders.
Moreover, the 16 mil or so tightly held shrs included
some privy to and susceptible of inside rumors. Thus
this relatively small group was a skittish lot w. a large
percentage holding of the OS.
Now here's the irony, with an OS of 246 mil.,
and high vol days of up to 40 mil shrs traded a day.
The vol ,in part, has attracted all these newbies, new "longs" and daytraders alike, who may have come just to see what all the hubbub was about. (The vol has predated the forthcoming events that will broaden tsig's exposure, though the vol did coincide with the inclusion in a number of stock promo newsletters).
This has broadened the base of tsig stock holders
from the former few who were privy or susceptible to the
inside poop, and may have even added to the bottom line of
tsig by introducing these newbies to the "card".
Consequently, the trading patterns of late seem
to be a bit askew from what we're accustomed to, and,
thus, the stock price may actually react favorably
to news ...when it comes...
We shall see, but the trading patterns of late,
at least to me, seem a bit different from what
has occurred previously....and I shall add for the better.
JMO of course.....
Anyone else make any such similar observations????
z , spellin' not checked |
