Re: puzzle solvedhttps://247wallst.com/2012/11/30/coal-stocks-getting-a-boost-today/
I wondered why so much volume with CMK today, over 7million shares changed hands in all three exchnanges. Aparently there was a rumour in Wall Street that WLT was to be bought out by BHP billiton and that according to this article quoted in the link above lifted all the coal stocks today. CMK did not go very far it was simply a turnover of shares from one fund to another also called "churning" in the technical lingo and that reflects uncertainty and indecision by the participants. According to a technical analyst on BNN yesterday, at this stage of the bull market commodities and M&A's are the main trends. And another analyst in the "market call tonight" this evening, when asked about CMK, he said that this company is a candidate for take over. That is all the gossip from the grape vine folks. Hope something will come true.