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Thursday, April 15, 2010

ABCB

ABCB was todday's relative volume champ, and as you can see got a huge volume spike on a secondary offering. What is really amazing is how little it moved intraday with the huge volume. Apparently there were just as many people wanting out as in, and it's not hard to understand why. Why a secondary offering is a reason to buy a stock is beyond me. Other than a nice run in January, there is nothing special about this, and there are about 8 million more shares on the market.

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