RE:RE:RE:RE:Now that is a hit NVO: 140mil shares
Yesterday trades 350.000 shares, or 0,25% of all shares and you think something is wrong???
Sell 'em en swap for Berkshire, you'll sleep better.
Icarusonfire wrote:
reeJoey wrote: But volume wasn't light today. It was above average for both NVO and NSRPF with a drop of 10.5%. Those are facts, no interpretation involved.
It all depends on your measuring stick Joey. Prior to the first trench, the average Novo volume was below 50,000 shares a day. After the 67 gpt trench, the volume spiked to over 1 million a day. If you ignore NR days, then for the last 30 days or so we've been in the 300,000 to 400,000 neighborhood, so today's volume was not above average...it was pretty much average (again it all depends on the time frame you choose).
It is nontheless quite unbelievable (and it is something orther than shorts or manipulators people) that the stock can drop over 10% IN ONE DAY, ON NO NEWS. Something is not right in paradise. The only thing that I can come up with that would precipitate such a drastic drop, is that there is some pretty ugly info that's going to be released soon, and someone with "insider info" had some heads up and was first out the door.....wanted out ASAP. Basically with nothing but positive news coming from OZ (although not all from the pilbara) I would have thought we would have had an up day! Degrey, Kirkland, kairos, and I believe impact and imperial all had some positive releases today...
Quinton promised us a news release every two weeks. We're waiting Mr Henningh. If you don't have the mapping done, after telling us that it would be presented to us MID December, then give us an update as to when. By my clock, it's after mid december...
Icarus