DGIV Trade Pattern is indeed interesting and
is worth a careful look.
On 6/09, it closed at 6.25 and today it is exactly
half of that - 3.125! That is after 12 trading days.
The total volume since 6/09 is about 3 million. The
actual shares that changed hands is less than half
of that - say 1.3-1.4 million. That's about 20-25%
of the total float. I also looked at the BUYS/SELLS
which look approximately equal.
The fact is we are half we were on an extremely
low volume and on SELL/BUY ration of 1.0. I never
knew this could happen! And we had three news releases
during that time (German, UAE and UBS). Obviously
this was not dictated by pure market forces.
The last 4 days combined volume is approximately
same as the combined total of previous 8 days.
We dropped 42% in those 8 days on about 800,000
shares traded!
The recent figures:
DATE BUYS SELLS VOLUME CLOSE CHANGE
June-22 139,900 205,600 345,500 3.62 -0.63
June-23 304,100 264,500 568,600 2.87 -0.75
June-24 221,500 100,900 322,400 3.18 +0.31
June-25 ? ? 209,500 3.12 -0.06
--
The good thing is the volume is picking up and we
are slowly going up. IMO, it is certainly a very
good sign! I am very confident we will back to
$6.0 quite soon.
- JC |
