RE:RE:Insider buy's on June 24th.leo101 wrote: Kherson wrote: First of all, I must apologize as I have been under the weather for a while now, with no end in sight, but I have been paying attention to the ongoing saga at Surge.
As we all know, the trading volume went up big time during the first week of June, along with the price. Since then, both have petered out. But what is most interesting is the June 22 NR and the Insider buy on the 24th by Marion Burnyeat!
There is still no doubt in my mind that merger talks were ongoing before and during the big run up and of course, insiders were not allowed to buy any stock at that time.
Will we now see a hostile bid by Headwater?
Kherson
hey kherson, glad you're feeling better. i wouldn't bet the farm on a juicy takeover. it's a buyer's market right now and buyers are looking for great assets more than whole companies.
in today's market, the whole is not greater than the sum of the parts.
I do not think that it is a buyers market any longer for a company that has proven that it will survive. The big question is, where will the price of oil be in 6 months?
Kherson