RE:Very strong volumeSorry to hear you took a position late in the day as the pump was fading (real dump yet to occur)
My focus continues to be TUO. this AMK deal is a sham imho. But if it is real, TUO share price will more than track (add in the TC NSR, share portfolio, and 25 properties. BUt its not real.........imho...............
The fact that TUD was DOWN 5 cents today speaks to what the market really thinks of this deal. when the promo pumper dumper fades, AMK will come back to reality (at 18.5, not far from recent trading)
NineLives wrote: 7.4 million shares traded, very good. Allowed some to hoover up AMK while letting those who have seen this stock stuck in a rut head for the exit. It always creates a dilema for long term shareholders when a stock they own (for a long time) makes a sizeable move but the best stratergy is usually to sell half and hold the rest. (Assuming you've made close to a double).
Personally I've never held a meaningful position in AMK until today but did take a large position in the last hours of trading.
As always when a stock is on a buyout list the crazies appear out of the woodwork working for (who the hell knows). But as someone mentioned earlier today you could smell their desperation. In fact the higher AMK went then the more vocal they got. Seen this before so many times, but must admit the posts are amusing but always click bait. Boiler room workers with more time on their hands than a normal investor
We'll see how this goes but if the company is activley buying AMK on the open market they're certainly making a dent in the shares outstanding.
Time as always will tell but at 12 cents AMK was certainly undervalued as are many in the PM's sector. Gold tumbling almost $100 an oz from it's overnight high certianly played into the hands of the sellers.
The drill results when they arrive will be well looked at.