Its easier to spot unusual buying/selling in companies with little free float... I remember TNP a while back with very few shares on issue was trading at very low levels considering what they were drilling for, however weeks after drilling the share price suddenly fell and sellers kept appearing(in a time of good market sentiment), and sure enough came the announcent with the bad news...
looking at the trades in the last few days we can see that people are trying to get in and soaking up all the shares they can... That doesnt mean there is good news coming, all it means that certain people want to buy... we can only guess what their intentions are, maybe its sheep following sheep. who knows..
Either way I would love to know whose buying. We are talking serious volume here for this stock and it can't be because of any new announcements because we haven't had any since start of drilling, and neither have we havnt received any notice of major holdings from institutions buying...
AXT Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held