It is what it is 1. Capital pools buying for the return makes it MUCH easier to value the company. Each of them will have a minimum return they require and that will make their top offer easy to calculate once they have analyzed operational risks and cost and counterparty risk. With longterm offtake agreements with regulated utilities, risks will be considered low and therefore the yield required will be relatively low.
2. Given the high volume yesterday and the close at the high, the typical opening today should have been with large volume and a strong price, followed by some traders taking profits. This did not happen and the most logical explanation is the BNN interview. I've watched these situations unfold for more years than most of you have been alive. Monday's action, especially at the close when the stock regained its high, was VERY strong and should have carried forward. Volume should have been strong this morning, driven by bids. I did notice that the strong bidding coming yesterday from Instinet, always at and near the bid, was not in evidence this morning before the opening. If the CEO had said things that the average trader understood to be more bullish than was assumed before the interview, the bidding would have been larger and more aggressive. That the price did not crumble because of profit-taking means that what Jeff said did not kill the optimism of all that many people. But it has not raised the average expectation of the short-term thinkers who care about quick profits and don't really care even about what the company does to make money.
3. I see that Instinet is more active now, on the rebound, but we still have profit-takers stronger than the bidders. If we get no more hints or news in the coming weeks, I plan to buy more at lower prices. On the other hand, if we get indications that substantiates my bullish view on the ultimate price, I will buy more at higher prices.