Post by
binjo222 on Apr 21, 2016 3:38pm
More Sudden Buying
Thursday 4-21-16 ELGX is up almost 3% on volume of 1.3 mil shares which is heavier than normal volume. A few months back the company got taken to the wood shed when it bought a complementary business and took on its debt. Looks like some invesment houses are now taking a more positive view. No press release from the company with a positive surprise, so I'm wondering if any house has released a report on the company with a bullish outlook. Somebody is buying and it looks to be more than the individual investors who have been the mainstay of this stock's trading recently. Anyone have any insight on this?