Impressive volume of shares being traded today! Is it a coincidence that every time CIBC downgrades VLNC, the share volume shoots up?
The last CIBC downgrade was in October 2003.
The week started at ca. $3.40 and gradually moved up to ca. $4.00. When CIBC downgrade became public on Oct 10, 2003, the stock opened at $3.78 and closed higher at $3.83. The downgrade by CIBC was a good contra-indicator! After the whole weekend to digest CIBC's downgrade, buyers took the price even higher to 4.31. jmo. Ram
15-Oct-03 4.43 4.48 4.10 4.20 447,800 4.20
14-Oct-03 4.39 4.45 4.28 4.43 648,300 4.43
13-Oct-03 4.13 4.31 3.95 4.31 1,104,800 4.31
10-Oct-03 3.78 3.95 3.75 3.83 335,000 3.83
9-Oct-03 4.00 4.11 3.82 3.98 407,100 3.98
8-Oct-03 4.07 4.08 3.86 3.91 357,500 3.91
7-Oct-03 3.83 4.05 3.80 4.04 524,200 4.04
6-Oct-03 3.80 3.90 3.70 3.82 273,300 3.82
3-Oct-03 3.59 3.80 3.59 3.74 233,900 3.74
2-Oct-03 3.50 3.67 3.45 3.56 251,200 3.56
1-Oct-03 3.40 3.48 3.33 3.45 217,800 3.45 |
