Few weeks ago PCS was heading toward $9...now a reverse trend...PCS is heading to $11. Is there inside trading going on? Get a feeling there is going to be some kind of news to be released soon that will push PCS even higher from here. Any guesses why PCS is trying to go higher for the past few days? I hope the news leak soon.
I am suspecting some people knew as early as last week Paulson was going to announce that he is against the merger, which would make PCS go up. These people have quietly being buying PCS. Once Paulson makes an official announcement, PCS should even go higher. Hold your shares.
Not sure, but LEAP is doing the same thing. The two go hand in hand (up or down) with the slightest buy-out sentiment or positive/negative news. NIHD is also moving up, so it may merely be a sector movement.
I noticed the same with CLWR...but CLWR is moving up because FCC is got going to delay merger review. So maybe that's a positive news for all telcomm mergers. But PCS has shown reverse trend since last week. So I think something is brewing that only insiders know about at this point.