Tuesday, April 21, 2009

Storm is Brewing for Socialwise

I dont know if any of you have noticed, but something is happening. If you look at the daily share volume over the last couple weeks, you will notice a dramatic increase. That means a group or individuals are accumulating at these prices.

Why this is important, EVEN if the share price hasnt increased, is this is absorbing all the shares out there that have been on the market....prepping the stock for a major run. Etrade was on the ask for awhile along with several others, whom have disappeared. What you must realize is there is very few shares out there in the float that are not in long holders hands. My guess is around 1.5MM. That is still probably less than $1MM in stock that is even available (while price increasing during a buy)! All for a company that has greatly increased in value over the last 6 months.

This tells us we have in fact found bottom....only up from here! Im just jealous of the people that have been picking up shares at these prices!! ;-)

Let me know if you have any questions.

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