GREY:WFREF - Post by User
Comment by
borne2runon Dec 02, 2014 1:37pm
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Post# 23186432
RE:Why Longruns days are numbered
RE:Why Longruns days are numberedppp, you are so right about Renegade.
When I compared Renegade's share price prior to the takeover to the share price of Spartan shortly after the acquisition was completed, I estimated that the "implied" value of Renegade's assets had tripled. Why were those assets suddenly worth much more? Supposedly because some "smart oilman" had purchased them.
I think most of the analysts base their recommendations on the fund flows into and out of stocks.
If institutions and funds are buying a particular stock, then it's a buy; and if they are trimming or exiting positions, it's a sell.