Today's numbers:
Open: 91.187
Hi: 91.312
Lo: 88.937
Close: 91.187
Bid: 91.125
Ask: 91.187
Total trades: 666
Total volume: 479,424,300
MoneyFlow: negative $4.42
30-day moving price average: 64.602
50-day moving price average: 81.509
Largest trades:
250,000 shares at 91.000 (10:09)
250,000 shares at 91.062 (10:19)
179,500 shares at 91.187 (15:07)
Top Ten Market Maker Positions:
Bid Ask
HITE 91.125 SATN 91.187
WRGR 91.125 WIMP 91.218
SHEL 91.062 TMEX 91.250
CKHO 91.062 GLTN 91.250
LUST 91.062 SLTH 91.250
ENVY 91.005 COVT 91.500
PRDE 91.000 ANGR 91.5625
BAWK 90.050 BOZO 95.000
TECH 90.000 TLEE 95.500
SHWN 89.750 MRFY 96.250
An important development has come to light. I learned this evening that there has been a major seller in the market the past couple of days. This seller has dumped several hundred thousand shares during this period. Considering the size of this sale, the price held together fairly well. It also indicates that the strength is there to maintain a much higher price.
Now, with that information in mind, where might the price go next? I'm told this seller is done with his major transaction. Be very careful digesting this information but it would seem to me that we are headed higher once again. The only caveat here is that there might be other people with major positions that will come to market with their shares too. I'm aware of at least one that is much larger than the one that dumped the past two days but I've been told that holder is not interested in selling at this time.
Disclaimer: Obviously, I cannot verify this information independently. Do not take a position in this stock based solely on this information. Use it as just one more tool in the process of making your decisions whether to sell, hold or buy. |
