RE: RE: RE: RE: Strong Inside Buying Let 'em buy.
Yes, something strange is happening. There are still 50,000 blocks appearing out of no where on the buy. And these end up being inter-house trades, no longer are they all intra house as in recent weeks. Macquarie bought 50,000 from Clarus this morning - just like that, boom. Another 50k bid is sitting there now trying to get filled at $4.29.
For a tight stock such as STO, the buying exceeds the risk. As far as I see it, we are not worth $5/share until the end of the year, but yet why would one buy such blocks in the mid $4's without a reason?
Anyway, I still have a lot of shares of STO. If I got a buyout right now at $5.50, I would tender. Premium enough for me. But at $5? Forget it.
Are you reading this Rick and team? If so, keep up the good work. You are guys are great operators.
L6