SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Spansion Inc.
CY 23.820.0%Apr 16 5:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Rink who wrote (3801)4/13/2008 10:51:09 AM
From: bobs10  Read Replies (1) of 4590
 
you:

High level summary of % funds/institutions buying or selling

me:

Yeah, when you look at the price action, particularly Friday's action where the price stayed in a 1 cent range most of the day, it was obvious there were two blocs pitted against each other. I don't know how close/loose these alliances are, but there seems to be coordinated action. The buyers were bidding -$.06 and the sellers were offering at -$.07. The seller were willing to pay a penny to control the price. Every once in awhile a sale would go through at -$.06 which represented, in my opinion, a sale outside of the shorts/sellers alliance.

I don't think either of these groups wants to really push the other bloc, but the buyers do seem to want to accumulate SPSN stock, on their terms. With SPSN share holders seemingly reluctant to part with their shares at current prices some of the difference between what is being sold and what is being bought has to be coming from shorting. Like I said the short interest numbers should make good reading, although those numbers probably don't represent the true picture.

The question for me is just how many shares do the buyers want and how long will the sellers/shorts continue to support current prices. For now $3 seems to be a standoff.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News