anybody have any info to the stock appreciation today. i feel it is probably a short squeeze with 28% of the shares outstanding are currently being shorted. any other ideas. i'am not complaining since i am long the stock
My reaction to the recent controlled accumulation is that a fund is taking a new position, adding to a position, or reestablishing a position after having exited the stock when it was last near $30.As far as a buyout offer is concerned, I do not believe we will see one anytime soon.
I would have to say either an adjustment in the fair price to about 35-40 or maybe sombodys thinking buyout. I don't think any covering till volume goes to above 500000sh's.