Weird trading dayVery weird trading day. PG has a tradition of selling on news.
So today was not totally surprising but still....
You have to wonder who really waited today to sell a big chunk. We had somebody ready to buy $32M at $4 with no warrnats or other benefits. We had exceptionaly good and promising news with new discovery and huge open pit discovery. We had gold price weather really efficiently IMF selling threat. And yet some people sell at $3.65 ?????
And the closing is also even more weird.
Smells manipulation and the only reason I can see is that buyout is getting closer. Don't give away your shares.
GLTA