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I am sure everyone saw the 500K shares being sold. This is probably why the stock dropped almost $1.00 in the last few weeks. Now it is going to trade sideways until some positive news. What do you think?
The stock was being traded stupidly for a few weeks prior to that. The block was probably the result of the preceding trading action & not the cause.
It was interesting to note that the run up in price preceded the expanded contract with IP. Then a couple of days later after the news hit, the price began to fall.Could it be that the price of the stock was being buttered up to make the company look good to IP?Just a thought.