Yesterday (July 13, 2009) Evolving Gold Corp (EVG.V) a Canadian junior mining company, released very positive news after the bell. Today the stock is trading 15 million shares versus the regular few hundred thousand shares per day. Mid morning today the stock is up 42%. The so-called "herd" is day trading like crazy and making some serious cash too. It's always easier to make money when a stock is very liquid and trading heavily.

It opened at .58, up from the previous close of .45, it spiked to .68 mid morning and pulled back to .58 and then flew again to .95 and closed at .84 . Here's what this "herd" day trader was doing .. buying the mid morning pullback at .62 and then selling into heavy volume at .88 for a very cool 42%.

Evolving Gold Corporation is a great example of what the day trader calls home. He or she speculates on the junior plays and in today's case, was very well rewarded. But let's be clear, the support EVG has had up till now, and the huge trading we saw today, was in fact the day trader at work, not institutional buyers. The markets would fall deafly quiet without the support it receives every day, from you and I, the day trader herd.

http://ezinearticles.com/?Day-Trader-Tools---Following-the-Herd&id=2620501

Interesting that he doesn't think the 15MM shares represented institutional buying. Not sure I agree with that.