|
PureBytes Links
Trading Reference Links
|
Hi wavemechanic,
Tuesday, December 9, 2003, 11:00:41 PM, you wrote:
w> Conventional wisdom suggests that sitting and spinning on high
w> volume is indicative of accumulation/distribution with a CIT
w> around the corner.
CIT = Cunning Institutional Trick? ^^_^^
Actually, I did dig up some news on this last night. NEC had
announced some time ago an additional share offering equivalent to
about 11 percent of equity. I knew that, and the stock did not react
initially to that news very much at all -- a short quick drop on the
open, the day of the news, but that was the place to buy . . . at
least until this week. It seems this activity is related to the
offering price of the new shares being set. So that would pretty
much explain this case, anyway.
Yuki
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Buy Ink Cartridges or Refill Kits for your HP, Epson, Canon or Lexmark
Printer at MyInks.com. Free s/h on orders $50 or more to the US & Canada.
http://www.c1tracking.com/l.asp?cid=5511
http://us.click.yahoo.com/mOAaAA/3exGAA/qnsNAA/GHeqlB/TM
---------------------------------------------------------------------~->
Send BUG REPORTS to bugs@xxxxxxxxxxxxx
Send SUGGESTIONS to suggest@xxxxxxxxxxxxx
-----------------------------------------
Post AmiQuote-related messages ONLY to: amiquote@xxxxxxxxxxxxxxx
(Web page: http://groups.yahoo.com/group/amiquote/messages/)
--------------------------------------------
Check group FAQ at: http://groups.yahoo.com/group/amibroker/files/groupfaq.html
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|