RE:RE:RE:RE:RE:RE:Now at $2.60I'm beginning to think someone is looking to take us over and is looking to gobble up shares on the cheap before they formally make their intentions known. The aggressive nature of the buying just doesn't feel like multiple investors figuring things out to me. One thing that argues against this is why would the buyer drive up the price of the stock before they announce their bid?...perhaps they need a certain number of shares to create a consensus so that they can be successful with a hostile bid. Perhaps they know others will be interested if they make an offer and know this is just the beginning of price appreciation leading up to the winning bid.
Also, perhaps managment got wind of this and did their very rare pre-announcement of earnings to drive the price up before a bid could be made. They may have also asked CIBC to re-publish their buy rating and $4 target for the same reason.
Maybe just wishful thinking...but things just feel different than during other run ups. I'm getting the same vibe as I felt in 2010 and 2011 during the NASDAQ listing and the big 2011 settlement.
Chi