Strange dayHouse 76 goes on a pre long weekend buying spree, the stock looks like it is going to break 3.40$ and run to 3.50$ . Then just after lunch 2 houses kick in a 100 share selling algo that walks the stock all they way back down where everyone joins the party.
Market weakness , profit taking or a planned share swap? Hopefully the book is nice and clear tomorrow for a gap up open. It took consitent buying to break through that wall at 3.25 , would have been nice to see more follow through. Although with a thin float like KOR's we could have been down huge on a day like today.
In any case the new buyers this morning are still expecting a nice return on those shares. Still thinking the magic number is 500million US. I don't think this steady accumulation is for any less than that.
inmo of course
jayd