I think some news is going to get announced. Earlier in the week there were takeover rumors. Today volume picked up mightily. Now at 4 million and an average day is 1 million. No news out. No earnings call scheduled.
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Jef
- Thread starter michaelscott
- Start date
I think its going to be Mass Mutual.
*Most* of the time these rumors are pump/dump schemes dreamed up by Cramer like hedge funds. For example, RACK, MRVL, and AMD. You have to get in on the scam early or when the rumor fails to materialize, the stock drops like a rock. Sometimes they are for real like FDC.
However, there is a big player I know who does believe its credible.
The rumor will either be confirmed or denied in the next 3 trading days. Then the stock will go back to 30 if there is no truth to it, maybe lower.
Thats the danger of playing the buyout rumor game. Its a *gamble*.
However, there is a big player I know who does believe its credible.
The rumor will either be confirmed or denied in the next 3 trading days. Then the stock will go back to 30 if there is no truth to it, maybe lower.
Thats the danger of playing the buyout rumor game. Its a *gamble*.
Quote from michaelscott:
I think some news is going to get announced. Earlier in the week there were takeover rumors. Today volume picked up mightily. Now at 4 million and an average day is 1 million. No news out. No earnings call scheduled.
might be the next to be taken out
running up last few days