GREY:TBTEF - Post by User
Post by
bshort92on Jun 28, 2009 8:24pm
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Post# 16104653
Volume spikes/shares selloff
Volume spikes/shares selloffTBE began last week at .98. Closed the week at .90. Almost three million shares were traded last week in TBE. Yes for every seller there was a buyer. Yet the share price tanked...either by a negative reaction to the Can Able buy or a continuing bad macro in natural gas prices. 10% of the volume was Saunders inside purchase of 300,000 shares over two days. So if the company is a takeout yes insiders don't want their money tied up too long yet m&a activity in the sector is still subdued. What's next?