MRVC PRICE CYCLES:
I have been pondering the information we recently received, suggesting that insiders might be in the process of unloading many millions of shares (either just did or about to do so). So I looked at the periods when the price action went through this segment (roughly $60-$80), based on
closing prices:
UP MOVES:
Start @ End @$ Days Ave$ AveVolume Daily
Feb 24 $57.71 Mar 2 84.96 6 +4.54 3,637,200
Jul 07 $61.93 Jul 20 75.85 9 +1.85 2,636,700
Aug 11 $60.43 Sep 01 80.37 15 +1.33 1,532,800
SO, on the up cycles, as time goes on the period of time
to go through this roughly $20 price segment is:
--getting longer
--with a lower average gain per day
DOWN CYCLES:
Start @ End @$ Days Ave$ AveVolume Daily
Mar 14 $79.18 Mar 20 $57.18 4 -5.55 4,122,950
Jul 20 $78.56 Jul 28 $58.50 6 -3.34 3,674,183
Sep 01 $80.37 Sep 08 $61.62 4 -4.69 2,742,706
So, on the down cycles, even though I expected last week
to have huge volumes because of insider selling (was there any?) the volumes were lower than, for example in March.
So, I would welcome other readers of the tea leaves who
can prognosticate for me:
-- are we suffering from massive insider selling, yet?
-- or is it about to begin?
-- or is it totally dependent on NAZ action?
Opinions, welcome, please!
Sorry, I have not yet mastered SI tables.
Best wishes,
Jim |
