Richard,
That was some trading going on yesterday. I was watching the stock move and kept an eye on the vol., it was crazy! I couldn't believe that the vol. was correct, so I started to use other quote checks to make sure.
Yes, I would say some big boys were taking their positions. The S&P index funds had to be the buyers...I know it wasn't me!! I have a little extra cash, but.....Ok, which one of you guys bought 4 mill shares yesterday at 4 pm?
Now, the question is, are we going to continue to see a push up? You have to admit, that was a real positive move and one that may continue. Whats the high, 44 and a frac? This S&P thing is hard to determine, exactly how many funds could be buyers? Then we have to think about the shorts! If my memory is correct,(duh) TMO has a substantial number of shorts.
A lot of questions to think about. I'm in for the long haul on this company, so let it ride for now. If nothing else, it was a fun week for TMO! What was it, a 30% move in a few weeks?
John |
