This stock has bounced around daily in the past. At one point I saw a post from a day trader about ADIC. This could lead to some of the ups/downs that don't seen to be reasonably explained: Mo-mo players looking for profits.
FWIW, here are the latest short interest numbers from ADIC.
Avg. daily volume was at a 12-mo. high in March and days to cover at 12-mo. low in April. The Jan. numbers do seem to suggest, and as I mentioned before, that the stock was ahead of itself. IMHO, this stock is hitting on all cyclinders, and should rebound from these levels.
Month shares Avg Vol Days to cover
04/00 158,512 814,244 0.19
03/00 350,694 1,106,704 0.32 Split
02/00 472,202 805,400 0.59
01/00 629,510 758,402 0.83
12/99 251,363 584,480 0.43
11/99 218,807 456,291 0.48
Jim |
