RE:RE:Takeover could emerge this week
the answer is simple, and its the trading of the stock. Looking back it was July 25th when this stock started its rise, from 22c, quickly hitting 30c on big volume. What is surprising and without explanation, is why this stock has moved up 40% since July 25th, has had constant and repeating bid, professional trading of taking off all offers on an up move and then pulling back. In case you have not noticed, the oil stocks have been hammered the last month or so, most down at least 20%. So here we are in a very weak stock market, a weak oil market, and someone is posting 100,000 and 200,000 share bids and buying everything??? Who does this? This stock is up 40%, and its the best performing oil.. something is up, there is no other rational explanation.