RE:RE:RE:JustinLawsorry, i think you missread my post. The shares were actually sold. They didn't get lifted. So someone actually bought it all. It was a big buyer. I just looked it up. 1 buyer of all those shares. to give you an exact amount, it was about 140k shares.
Generally when that happens, its a sign of weakness but good news is, because someone actually bought it all... were are in an undecided tone.
To sell it is one thing, they could have bought yesterday and maybe are cashing out. to buy that many shares is quite another story. You must beleive that the stock will go higher.
It was viewed over as weakness and it entered oversold terriroty which is why the price fell back down to mid 40s... but with todays trading range... im not concerned. We are slightly higher than the dialy trend which sits at 13.41 area.
Just keep your heads up... i know there is a lot of news on the table but if there is an announcement, we could see some late day sell offs ensue which is indicative of "selling the news".
seeing where we have CMED, i don't think this matters. But it is purely a gamble at this point as CMEDs share price has skyrocketed adding some levarage to their leadership team. I'm not sure ACB price will skyrocket 20% if a freindly takeover happens but the stock will definitely move.