Good to hear from you. I read that fluff article and thought, why did that person waste the time and effort of writing that. Yes, it is odd that SEEK was down when the others were up big time (but did anyone point out that ELNK was down too).
I noticed a few things about yesterday's trading pattern. It seemed that SEEK was stuck and it didn't want to go higher. It popped up 3/4 at the open, then swiftly fell through the 38-39 range and was stuck in the 37-38 range for the next few hours. Then, it started to drop like a rock and fell through 36, bounced off of 35 in less time than it will take me to type this, then rested back in the 36-37 range for the rest of day. Now, I saw some decent-sized block trades ranging from 4K-25K going across all throughout the day.
Now, what does all this say: If you're a bull, you can say that people were accumulating the stock; if you're a bear, you can say that people were dumping the stock. I guess we'll just have wait to find out who's right (hmmmm, now where is my magic 8-ball <g>). Personally, I think we might be headed back a little lower, but then again, I can be a great short-term contrarian indicator...
Happy SEEKing all...
-tk |
