What News?This is the news?
It would appear the exchange called Sirit to explain the rise in activity, Sirit knowing they are close to a deal figures someone may have leaked some info. so they halt the stock and put out a tid bit of info. to protect their butt's.
What's the significance of this? Throws cold water on a hot stock, trying to ensure no one can claim insider information was leaked.
Other than that nothing changes, Sirit still has numerous irons in the fire and IMO '07 is shaping up to be a banner year.
As evidenced by today's action Sirit is still considered to be a good buy. The PPS had to retrace at some point so here we are, retracing!
Thanks to yesterday we now know Sirit will have future revenue from the Golden Ears Bridge project and are the front runners for a '510 pilot. All good!
Nothing of any significance has changed other than my hope a significant announcement was coming today, based on the fact Sirit stated it had news to report.
So all those that where on the Bid yesterday get cheaper shares today.
John