On a quick glance you could take the view that today's volume says, "the market clearly thought MML was worth more today than it was yesterday because it traded 3M shares at a higher value than yesterday", but I actually found today's volume concerning...
MML was only up 1% while the gold mining index (XGD) was up 8% after gold price jumped overnight to an 8 months high!
Initially I was a little surprised when it opened at only $0.53. I was expecting a $0.54 to $0.55 open. So happy in the knowledge that's its value improved substantially overnight I didn't think much of it and just accumulated some more...
Yet over the course of the day it was clear that there was a HUGE volume on MML stock weighing on the stock price which had it drift back down to $0.515 all day!
Being the natural skeptic I am, this got me wondering why, on the back of such positive gold news, is the largest volumes of MML stock in months being dumped?
Buyers near 20x sellers, page-17
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