RE:who are those people buying today (Dec 1 2015) ?forecast123 wrote: As at now, COS SP is 8.88 C$ at the day high and is 3.74% rise from yesterday. The trading volume for COS is 1.5 M (cf SU TSX trading at 37.66$ and is 2.06% rise from yesterday). Who are those people buying today ? Sarcastically when yesterday some people in the board was citing they are worried of a selloff today, COS SP rises today.... Are these people: (1) likes 2016 COS Budget that much that they become confident to invest in COS when it said its breakeven cost is 44 C$/bbl ? (2) bets on SU will up the bid ? (3) bets on whatsoever suitor will put forward a bid at least better than 0.25 SU ? And it seems against the contrary worry yesterday, these COS buyers were not as fearful on the possibility of SU walking off the COS deal...
I am one of those after I sold @ 9.15. bought @ 8.89 $8.50 and today @ $8.79 GUILTY!!!