RE:This is making no sense...skyplt wrote: I am having trouble making sense of what is happening. Over 15 million shares have traded hands in the last three days on a relatively narrow range. I am very happy to see green, but perplexed why. I see the CEO is speaking next week at a JP Morgan conference. As ERT suggests, I wonder if industry insiders know something we don't.
Skypilot, im relatively new to posting on here. But not new in watching the level 2 data. Especially buyer and sellers.
7.25's there was sure alot of selling going on by the big guys. The SP is depressed IMO, and almost every other analyst that covers ac. I would guess this volume is coming from short covering. Not AC employee purchase plans.
They could know something, but moreover they are likely very very interested in the future of AC. I sure am, and hence i got flamed pretty darn good why i stated going against the market at 7.10 is was an excellent idea.
Who knows, could be wrong. But nowhere near my sell point.