volatility and price movement

THere has been numerous claims of NDO being dumped, and after todays performance it made me question my own sentiments.

Now i was not around during trading hours but have done a little research of my own since to see if this was the case. Especially after a rally in oil and great announcement last night and the stock not holding its gains today.

I went over the trades (can be seen posted below) I can see no signs of the stock being dumped by an institution as some have claimed.

Lets examine the 1,890,324 shares sold down at 3.52p.m today, now one could say an institution however; lets look at it closely there were 66 trades Grand total of $283,549 dollars div by the 66 trades average about $4,300 a trade! this is hardly an institution or one person doing a dump.

Most likely cause at this time of day would be day traders exiting their positions. I have posted todays trading summary so you can calculate the rest of the trades throughout the day yourself.



Now lets get over this NDO being dumped by an institution etc, as the trades are not big enough it is numerous small trades making it look big, personally i think it may even be the day traders entering on the fall back and selling into the rallies. but who really knows

One thing is I am fairly sure todays trade has shown a turning point. It is the first day that has not traded lower for 5 days, is this a good sign or what? I believe support has been found.