GREY:GULSF - Post by User
Comment by
BlindBoyon Apr 08, 2004 1:04am
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Post# 7331461
RE: interesting last trades
RE: interesting last tradesMight be true if all of GULs trading strictly represents the Pond play, which I kind of doubt.
Hard to figure the Pond participants' trading today: all of them were weakly bid, and that includes CEX, despite the fact that it traded 226,000 shares.
It was bid considerably under the trade price most of the day, with a 7 point spread at the close. Not exactly a show of strength from the overwhelmingly most leveraged partner.
Same with CWV: hardly any bid, and somebody ended up whacking the bid despite a huge point spread; hence the 9 point drop in price today. Decidedly NOT a show of strength from the second most leveraged partner.
I'm still hoping for a positive outcome on the drilling, but the trading pattern is certainly strange and underwhelming.