Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Biotech / Medical : Immunomedics (IMMU) - moderated -- Ignore unavailable to you. Want to Upgrade?

To: gonnahappensoon who wrote (8096)	10/29/2009 10:41:11 AM
From: idahoranch1	Respond to of 63329

Until the last year, 120,000 would have been a days trading volume. We are at 234,000 now, just over an hour into trading. That would be about 1.4 million for the day. I'd call that good volume.

To: gonnahappensoon who wrote (8096)	10/29/2009 10:47:23 AM
From: idahoranch1	Read Replies (1) \| Respond to of 63329

<<.today 120K shares traded so far....meaning it is much easier to manipulate.>> I don't disagree that it is still very susceptible to manipulation, because I suspect the shorts are big enough that even on good volume days they have the horsepower to sell big into it if they want. No evidence of that today so far. There are some big offers, 10,000 to 13,000 being taken out pretty quickly. Someone is buying in size. I still believe that when all this shakes out, institutions will have increased their ownership percentage by a lot, shorting or not.