RE: RE: RE: Breakout?A 25% Premium????? Most people would puke if that were the case.
I think most longs have ACB's at $5.00 or more and recovering the investment at $1.25 is hardly a great feeling.
I would suggest that any takeover will be done in the $6 to $8 range. We used to think it was $20 and in fact a case was made for close to $30. Then we dreamed of $12.
Then it went to a dollar, where it couldn't ever go any lower, only to see it fall to 20 cents.
In short, if you believe in the story, there is close to an eight to ten banger from here. As for me, I am a whipped pup with no money left from the freefall last fall.
I sure like what I am seeing but we have been played with before. It is sooooo quiet that it is eerie. I can't imagine that a halt hasn't been called or a news release to explain the huge volumes.
I was at the SaskRocks conference on the week-end and there was nothing to explain the current action.
Good Luck to all longs!!
Regards,
The Grizz