Mad Money Coincidence???
Tonight Mr. Cramer was touting Acadia Pharmaceuticals (ACAD) on his tv show. I know nothing about Acadia except that over the past three months the average daily volume was 63,050 shares (not including today) (Source: Yahoo Finance). Today Acadia traded over 20 TIMES its average volume yet with little price fluctuation. There was no news today that would cause such a spike in volume. Acadia has only traded over 1 million shares TWICE in its company history (Since May 27, 2004). In after hours trading Acadia was up over 20% and did well over one million shares in volume. I am not saying anyone is at fault but I find it very suspicious that Acadia traded so many shares especially in a tight range around $10.30 today and is then up 23% a few hours later after Cramer recommended it.
A coincidence? I think not.
posted by Big Ben at Monday, January 30, 2006
1 Comments:
nice find! u seriously need to send that into the SEC because i've always suspected that cramer and his old hedge buddies are up to something sinister....
that nutjob needs to be taken off the air
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