Monday, December 9, 2013

High Volume High- Dec. 6 Trading Day Edition

A few interesting moves, all of which I will not going over here. First, KMT moved to new highs on no apparent news outside of a better economic outlook with the upbeat jobs report. KMT is a economic sensitive company and the belief in a continued improvement probably sent the shares higher. However, 20% of the float is sold short. Someone does not believe in the story here. Second, DMND initially sold off after reporting earnings that missed estimates. However, the share price turned around and closed significantly higher on much higher volume.

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