GREY:NOVUF - Post by User
Comment by
qui9on Mar 04, 2011 12:21pm
703 Views
Post# 18232632
RE: too frothy?
RE: too frothy?hard to say what the takeout price will be if this is indeed a takeout. It will be interesting to see how close Nuttal is. The trading pattern is very similar to what I seen on other stocks just before a takeout (Anderson Energy, Burlington Resources) where the volume went up for 3 to 4 days before the news, signalling that there had been a leak. At least in those cases, the price did climb but the highest prices seen was still at least 10% below the offer price. Good luck to everyone.
Cheers