SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : SIIS (Struthers Industries)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Terry D. Voss who wrote (211)2/25/1997 5:29:00 AM
From: chris431   of 709
 
Terry,

I do not know for sure exactly what all the volume was. But the preceding two days (Thursday and Friday), from my viewpoint of watching it intraday, appeared to be days in which there was substantial accumulation in large blocks....w/out any price movement. Both days volume was abnormal. Thinking that institutions who had shorted the stock may be covering and now willing to run the stock back up (or at least let the market act as a market) I averaged down and added shares on early Friday. This is merely speculation as the volume could have been a number of things, including MMs simply trading back and forth just to gather some attention from those who may be waiting to purchase more shares. And, subsequently today, as we all saw, SIIS had more movement than it has had in some time (and thankfully it was upward movement).

So, IMO, if one is planning to avg. down or bottom fish, the time to do it is now.

Chris Hinton
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News