|A little over 3M shares are held by insiders mainly by one guy Nick Swenson. Got a little exposure on Thursday in an aritcle talking about their program being in 2000 grocery stores, and Friday released its program to buy back $3,000,000 worth of shares. Touched near it's 52 week high, highest price close in the past 6 months, closed up 14% from previous day. Has support at $1.80 and $1.75. Friday it received little volume at above 200,000 shares traded but still much more than it has in the recent months. it hit 1 million shares traded in January.
If volume picks up i can see it atleast rehitting its 52 week high and testing to break it. But only if volume picks up.
MC: 48 M
|Wednesday it closed at $0.08 and reached highs of $0.69. Held its highs wednesday but did not hold them on friday. Theres been no news on the stock but the yahoo finance board is cluttered with people beleiving it can go to a dollar or more. Its had a lot of volume and attention but it looks like a simple pump and dump play. I don't think its over as on yahoo finance it says almost 95% of shares are held by insiders and it has 128m shares outsatanding|
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