RE:Corporate Espionage
skyplt wrote:
I have no idea why COS has been on a tear. To me the likeliest scenario is takeover talks or at least strong rumours to that effect. Oil has not gone up that much...and up until a couple of weeks ago COS was pretty much rising and falling with WTI. Something has changed.
What has changed is called short covering now that fund managers and hedge funds believe oil pricing is most likely on the rebound. Lots of short covering to go:-)
T : COS |
2015-01-31 |
25,898,719 |
-972,617 |
484,610,298 |
5.34 |