Well said Wayne, to the rest of the CVIA shareholders concerned about the volume being off... guess what I expect it to be off for a few days now, (unless some more big buying interests is generated with out news very doubtful in my opinion, but it could happen.)
My feeling is we shareholders and Jack Arnold are in a much better position than the MMs, at the moment. Yeah this is a shocking statement to say the least, but let me list my reasons.
1. The volume is winding down over the past few days, to me this does not signify a loss of interests, it signifies there has been some HUGE accumulation taken place. (There have been 40 or more single stock trades in the past 15 days, than the whole volume of today so far.) KEY WORD ACCUMULATION HAS TAKEN PLACE.
2. Everyone that has been accumulating these 45 to 60 million shares are not selling, they are holding pat.. its like a stand off right now, the investors vs the MMs.
3. With this Accumulation the MMs have purged much of their inventory, so not as much stock is freely trading, and they do not want to buy back... unless they can buy it back very cheap.
4. With that being the case we will probably see some wild girations in the bid/ask.. to shake out the weak hearted and to CHEAPLY replenish their inventory. Don't worry about it, if you can afford to sit and wait for a week or two... just chill out.
If you cant afford to wait then sell now while the price is up, and jump back in at a higher price after the Merger news.
UNLESS buying and accumulations starts again, if that happens LOOK OUT we are off to the races, without the merger news.
5. So far today the buying is still out pacing the sales about 4 to 1.
6. Some of these rinky dink 200 to 1000 share trades below the bid are cross trades and giving the MMs a legit reason to drop the BID. Get real with the way broker commissions are only a nut would sell $2 to $10 worth of the stock... and if it closes lower today on a final trade of less than 1000 shares its the oldest MM trick in the book. Make the days trading look like the price is off.
I've said my piece, everyone trade for what is right for you.
Darn it I'm out of quarters again <g>
opps the volume just jumped when I started this post it was 740k now its over 2 mil... disregard the 40 trades over todays volume example <g>
KAA
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