RE: Rmours are gwy sold for $5.20 per share + spin If the purpose of spreading this rumour is only to pump the stock, Friday is not the day to do it as many traders and brokers leave early or take a long weekend. On the other hand it does give a few hours to the small investor to get in on the "rumoured" takeout before the official announcement. Judging by the low volume today, it is only the little guy who is buying in.
We know that Batista will eventually make a run at this stock, having bought the property next door at a bargain price, and admitting after the fact that he had bought it very cheaply. I guess we will have to wait til Monday a.m. to find out if there is any truth to the rumour, but by then it may be too late to profit from it.
GLTA.