GREY:FGENF - Post by User
Post by
MxPxon Mar 20, 2010 9:25am
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Post# 16906011
Very good results expected
Very good results expectedWhy should we expect good results You ask? Well,
If FGE was going to put out a negative news release (1) they would not have halted the stock and just put out a quiet NR hoping to not create much of a stir or (2) they would have halted the stock and put out the NR after the close. We didn't see either of those scenarios unfold.
Look at the trading activity in the stock during the final two minutes, somebody wanted in....bad and knew that they were running out of time before a halt was coming. There is no other way to explain no trades for eighteen minutes, then 88,000 shares plus (most importantly, on an uptick) exchanging hands in less than two minutes before the halt.
If you look at the March trading activity, this stock has been walked down for purposes of accumulation. It's easy to shake weak hands out on a stock with a low amount of shares outstanding and that is what has been going on here.
On Wednesday the stock popped .14 cents and I will bet my bottom dollar that was the day when the results from the well were verified. There has been no insider selling and no selloffs on large volume. All very bullish signs.