RE:RE:RE:RE:Trading on the 15th I have owned a few companies that were bought out.
generally nothing what so ever as a clue..
one for example, I listened into the yr end review. CEO, congratulated staff on a great year, was discussing future plans etc. all very normal.
Then two months later a trading hault with a buyou5 notice.
granted there was a bit of a run up in trading price, prior to year end. Volumes? I did not pay attention to that.
when we got the buyout proposal in the mail. The paxkege gave in point form the negotiations. Which were well inplace during the Q4, yr end uodate.
meaning the ceo , knew full well a deal would likely be announced soon.
what needs to be realized. When the negotiations start, first order of action is a NDA.
meaning neither side can discuss or even hint they are in discussions.
why?
no deal is done , until they are done. Could collapse even a day befor3 final signatures.
letting the public know a deal failed, could be damaging to either or both parties.
Also, the aquiring comoany does not want to increase interst & raise their entry cost.
one thing on my mind. Onc has an offshore , I belive Bahamas business registered.
could be foreign $$ coming in that way, aka Germany aka those in the know from trial resukts in Germany.
Roche would not work thst way. However who knows about private equity funds.
What I will say, many unusual trading things have gone on last 2 months or so.
regarding posted share count. They usually trail by one reporting quarter. If you read Onc web presentation.
very fine print, disclosure if the date stamp of number if shares.
Assuming they did not increase share count?
then mutiple automated trades. 3 million shorts covered, drove the price up. Setting new short selling .
Automated selling points, drove down, resetting etc etc.
i was watching the Wed trading in real time. The Nas also has hour by hour trades displayed, searchable in 1 hr increments.
the largest trade is saw was 20,000 shares. Not many large at thst.
mutiple, back to back trades of 200-300 shares, within the same one second time stamp.
could be a single buyer scooping up all the preset computer trades.
big institutions do it all the time, on currency trading. They sometimes trade millions $$, on fractions of a cent, many times/ second...adds up over 24 hrs.
dont forget the Nasdaq is automated. After hours can do anything.
read the Nas, disclaimer on after hours trading.
regardless on any theories. " something is going on"