After reading the earnings release this morning, today's UTEK trading made me feel like a trip to the dentist. Just prior to the opening, I felt like I was getting into the dentist's chair. At about 9:35, the price was down about $1.50 and I felt like the dentist was starting to probe my teeth and gums. Once the day was over, I was able to say, "well, that wasn't too bad, was it?"
Did you notice the trade just after 2:00 p.m.? Originally, it came across as a spike down from $24.75 to $23.00, followed by an immediate jump back to $24.75. That matches with the Yahoo daily chart, as well:
quote.yahoo.com
However, this trade doesn't show up on the day's range listed on several quote services (including Yahoo). What was that all about?
Best wishes,
I2 |
