No Comment — November 21, 2013 — Unitek is swimming in volume

As it is the case for all postings in this blog, my standard disclaimers apply for this posting.  However, since this posting discusses investments, I urge you to review the disclaimers laid out in the About section with extra diligence. Moreover, even if you have already reviewed these disclaimers in the past, you need to review them again, as they are subject to change without notice.  Do it now, and remember that whatever I say in this blog posting is simply my opinion — it is not science, it is not advice, and it is not an attempt to make you act in any way whatsoever.

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2679864092_473012b038_zWe continue our No Comment series from August and September (see the previous No Comment entry here) …

Yesterday, on November 20th, 2013, 830 thousand shares of UNTK, the equity of Unitek Global Services, were traded in a few moments, lifting the per share price more than five percent. Today, up until 2:30 p.m., EST, more than 310 thousand shares have been traded, lifting the per share price an additional five percent.

In aggregate more than 1.1 million shares have been traded and the price has trended up. Trailing three months average daily trading volume is a bit above 50 thousand shares. Something is clearly afoot.

No comment needed, no comment provided. To learn more about Unitek Global Service, read our previous posting here.

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