Hey guys. Newbie here again. I am still in the red on Kerx. What is the speculation right now and the status of it? Please sum it up for me and the others. My worst nightmare would be some reporter heard it from a friend who overheard it from another at a coffee shop a couple days ago. Right?
I don't think there's a buyout here. Price would have seen some crazy action if there was a buy out at a reasonable price. I think that you're more looking at price movement due to the earnings report that was supposedly today (but may be monday?) in combination with the entrance of a large hedge fund buyer taking a position. The large incoming institution started to drive prices up to about 7 dollars, and then small investors drove it the rest of the way up during the day.