Post by
ThyFish on Aug 31, 2011 8:45am
Last Trades?
Can someone post last trades for yesterday please and thank you? Very happy with the increase in volume and the sp appreciation but it looked like we carried 1.47 up into the last 5 minutes and I would love to see how we dropped .02 at the bell.......I would venture out on a limb and say we might see our famous CIBC 100 share blocks traded back and forth to decrease close.
My thoughts: we are going to see an offer very soon. I think Severstal purchased more HRG lately just to scare people into thinking we could get the squeeze and sell. The 1% increase doesn't do much for their cause. Unlike others here, I think we will see a low ball offer less then 1.70, more like 1.50 and they will use the 3 month close average to show how "generous" their offer is...........they will fail and offer more. I'm holding for a minimum of $3.00 and truly believe with the TRUE Prognoz results we should be north of $7, it's being held back for a reason.
ThyFish
Comment by
tom_abc2003 on Aug 31, 2011 9:16am
CIBC guy trade the 100 and 200, 300, 400, 500 shares at time work very well to bring down HRG price. But anybody who is willing to sell Severstal is happy to buy. At the end Severstal will take over HRG, that one moment in the future will determine the true vaule HRG.