This volume could mean many thingsI always believed that CD shares are way undervalued and that we could be subject to possible take over one day.
I realize that uncle chuck has been always increasing his position in
CD for a reason and this could be one of them.I am only speculating at this stage.
I know my idea may sound crazy to all of you but the volume last week could also mean that possibility to.
Its almost like a company trying to pick up cheap shares at first bounce and that's why the volume was very strong.
10 million shares is lots of volume in one day for CD,
also the second day they were still buying but keep in mind
the ask was much higher and still there was some buying pressure.
I still believe if the strong buying volume continue we are going to be moving to much higher levels.
Last week buying pressure may mean something to all of us.